PSX · PHARMACEUTICALS · 1 Hour
HALEON Bear Flag breakdown
Haleon Pakistan Limited · 02 Nov 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 653.00 on the breakout. Target 626.21, invalidation 669.45.
Trade plan
● Active- Close
- 653.00
- ▼ 0.53%
- Target
- 626.21
- -4.1%
- Invalidation
- 669.45
- +2.5%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 4.55
- Price now
- 652.00 -0.2%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
HALEON broke below its bear flag on the hourly close at 653.00.
Projected target 626.21 (-4.1%). The pattern is invalidated beyond 669.45 (+2.5%), a reward-to-risk of about 1.6 : 1.
Structure: bearish external, bearish internal (strong high 735.00). Nearest supply OB 660.50 - 669.45.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 653.00.
- 2 The target, 626.21 (-4.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 669.45 (+2.5%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.