PSX · POWER GENERATION & DISTRIBUTION · 30 Min
EPQL Bear Flag forming
Engro Powergen Qadirpur Limited · 30 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 23.51
- ▼ 1.22%
- Upper line
- 23.96
- +1.9%
- Lower line
- 23.48
- -0.1%
- ATR
- 0.27
- 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
EPQL is building a bear flag after a 1.42 drop (5.2x ATR) on the 30-minute chart.
The flag channel runs between 23.48 and 23.96. A 30-minute close below 23.43 signals continuation towards 22.06; a close above 23.96 fails the pattern.
Structure: bearish external, bearish internal (strong high 25.12). Nearest demand OB 22.70 - 22.88, supply OB 24.55 - 24.72.
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 23.96 (+1.9%) would be an upside breakout.
- 3 A 30 min close below 23.48 (-0.1%) 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.