PSX · PHARMACEUTICALS · 30 Min
HALEON Bear Pennant breakdown
Haleon Pakistan Limited · 26 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 666.59 on the breakout. Target 659.69, invalidation 666.60.
Trade plan
● Active- Close
- 666.59
- ▲ 0.00%
- Target
- 659.69
- -1.0%
- Invalidation
- 666.60
- +0.0%
RiskReward
- Reward : risk
- 690.0 : 1
- ATR
- 4.46
- Price now
- 666.59 0.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
HALEON broke below its bear pennant on the 30-minute close at 666.59.
Projected target 659.69 (-1.0%). The pattern is invalidated beyond 666.60 (+0.0%), a reward-to-risk of about 690.0 : 1.
Structure: bearish external, bearish internal (strong high 735.00). Nearest supply OB 667.03 - 668.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 666.59.
- 2 The target, 659.69 (-1.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 666.60 (+0.0%), cancels the setup.
- 4 Reward : risk is 690.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.