PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
FCIBL Bull Pennant forming
First Credit and Investment Bank Limited · 29 Oct 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 114.00
- ▲ 0.00%
- Upper line
- 114.75
- +0.7%
- Lower line
- 111.07
- -2.6%
- ATR
- 2.24
- 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
FCIBL is building a bull pennant after a 16.34 rally (7.3x ATR) on the 30-minute chart.
The flag channel runs between 111.07 and 114.75. A 30-minute close above 115.20 signals continuation towards 131.09; a close below 111.07 fails the pattern.
Structure: bullish external, bullish internal (strong low 63.73). Nearest demand OB 102.99 - 106.55.
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 114.75 (+0.7%) would be an upside breakout.
- 3 A 30 min close below 111.07 (-2.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.