PSX · INSURANCE · 1 Hour
TPLL Bear Pennant forming
TPL Life Insurance Limited · 27 Oct 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 18.75
- ▲ 5.28%
- Upper line
- 18.88
- +0.7%
- Lower line
- 18.07
- -3.6%
- ATR
- 0.56
- 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
TPLL is building a bear pennant after a 2.94 drop (5.3x ATR) on the hourly chart.
The flag channel runs between 18.07 and 18.88. A hourly close below 17.96 signals continuation towards 15.13; a close above 18.88 fails the pattern.
Structure: bullish external, bullish internal (strong low 17.50). Nearest bearish FVG 36.50 - 37.90.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 18.88 (+0.7%) would be an upside breakout.
- 3 A 1 hour close below 18.07 (-3.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.