PSX · PAPER, BOARD & PACKAGING · 1 Hour
CEPB Bear Pennant breakdown
Century Paper & Board Mills Limited · 02 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 21.85 on the breakout. Target 18.30, invalidation 22.79.
Trade plan
● Active- Close
- 21.85
- ▼ 2.37%
- Target
- 18.30
- -16.2%
- Invalidation
- 22.79
- +4.3%
RiskReward
- Reward : risk
- 3.8 : 1
- ATR
- 0.58
- Price now
- 21.75 -0.5%
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
CEPB broke below its bear pennant on the hourly close at 21.85.
Projected target 18.30 (-16.2%). The pattern is invalidated beyond 22.79 (+4.3%), a reward-to-risk of about 3.8 : 1.
Structure: bearish external, bearish internal (strong high 27.20). Nearest supply OB 25.00 - 25.40.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 21.85.
- 2 The target, 18.30 (-16.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.79 (+4.3%), cancels the setup.
- 4 Reward : risk is 3.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.