PSX · GLASS & CERAMICS · 1 Hour
GHGL Bear Flag forming
Ghani Glass Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 37.42
- ▼ 0.58%
- Upper line
- 38.04
- +1.7%
- Lower line
- 37.37
- -0.1%
- ATR
- 0.57
- 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
GHGL is building a bear flag after a 3.15 drop (5.5x ATR) on the hourly chart.
The flag channel runs between 37.37 and 38.04. A hourly close below 37.26 signals continuation towards 34.22; a close above 38.04 fails the pattern.
Structure: bullish external, bearish internal (strong low 36.90). Nearest demand OB 35.22 - 35.60, supply OB 38.66 - 39.30.
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 38.04 (+1.7%) would be an upside breakout.
- 3 A 1 hour close below 37.37 (-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.