PSX · VANASPATI & ALLIED INDUSTRIES · 30 Min
SSOM Bear Flag forming
S.S.Oil Mills Limited · 26 Oct 2026 · 13:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 386.35
- ▼ 0.94%
- Upper line
- 397.00
- +2.8%
- Lower line
- 385.75
- -0.2%
- ATR
- 5.86
- 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 30 Min candles · click to enlarge
The breakdown
SSOM is building a bear flag after a 39.26 drop (6.7x ATR) on the 30-minute chart.
The flag channel runs between 385.75 and 397.00. A 30-minute close below 384.58 signals continuation towards 346.49; a close above 397.00 fails the pattern.
Structure: bearish external, bullish internal (strong high 566.00). Nearest demand OB 380.00 - 386.00, supply OB 430.43 - 439.95.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 397.00 (+2.8%) would be an upside breakout.
- 3 A 30 min close below 385.75 (-0.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.