PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
AABS Bear Pennant forming
Al-Abbas Sugar Mills Limited · 28 Oct 2026 · 12:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 696.00
- ▼ 1.56%
- Upper line
- 700.64
- +0.7%
- Lower line
- 697.13
- +0.2%
- ATR
- 10.46
- 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
AABS is building a bear pennant after a 57.98 drop (5.5x ATR) on the 30-minute chart.
The flag channel runs between 697.13 and 700.64. A 30-minute close below 695.04 signals continuation towards 639.15; a close above 700.64 fails the pattern.
Structure: bearish external, bearish internal (strong high 738.00). Nearest supply OB 999.00 - 999.90.
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 700.64 (+0.7%) would be an upside breakout.
- 3 A 30 min close below 697.13 (+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 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.