PSX · MODARABAS · 1 Hour
FIBLM Bear Pennant breakdown
First IBL Modaraba · 26 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 15.10 on the breakout. Target 12.47, invalidation 16.00.
Trade plan
● Active- Close
- 15.10
- ▼ 2.58%
- Target
- 12.47
- -17.4%
- Invalidation
- 16.00
- +6.0%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 0.55
- Price now
- 14.82 -1.9%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
FIBLM broke below its bear pennant on the hourly close at 15.10.
Projected target 12.47 (-17.4%). The pattern is invalidated beyond 16.00 (+6.0%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bullish internal (strong low 9.12). Nearest demand OB 12.00 - 12.60, supply OB 18.86 - 19.10.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 15.10.
- 2 The target, 12.47 (-17.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 16.00 (+6.0%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.