PSX · OIL & GAS MARKETING COMPANIES · 30 Min
OBOY Bear Pennant breakdown
Oilboy Energy Limited · 02 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 13.45 on the breakout. Target 12.32, invalidation 13.89.
Trade plan
● Active- Close
- 13.45
- ▼ 1.47%
- Target
- 12.32
- -8.4%
- Invalidation
- 13.89
- +3.3%
RiskReward
- Reward : risk
- 2.6 : 1
- ATR
- 0.22
- Price now
- 12.90 -4.1%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
OBOY broke below its bear pennant on the 30-minute close at 13.45.
Projected target 12.32 (-8.4%). The pattern is invalidated beyond 13.89 (+3.3%), a reward-to-risk of about 2.6 : 1.
Structure: bullish external, bearish internal (strong low 10.35). Nearest demand OB 10.35 - 10.70, supply OB 14.30 - 14.47.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 13.45.
- 2 The target, 12.32 (-8.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.89 (+3.3%), cancels the setup.
- 4 Reward : risk is 2.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.