PSX · COMMERCIAL BANKS · 1 Hour
BOP Bear Flag breakdown
The Bank of Punjab · 03 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 28.17 on the breakout. Target 26.67, invalidation 28.61.
Trade plan
● Active- Close
- 28.17
- ▼ 0.81%
- Target
- 26.67
- -5.3%
- Invalidation
- 28.61
- +1.6%
RiskReward
- Reward : risk
- 3.4 : 1
- ATR
- 0.33
- Price now
- 28.22 +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
BOP broke below its bear flag on the hourly close at 28.17.
Projected target 26.67 (-5.3%). The pattern is invalidated beyond 28.61 (+1.6%), a reward-to-risk of about 3.4 : 1.
Structure: bullish external, bullish internal (strong low 23.32). Nearest demand OB 27.50 - 27.75, supply OB 30.58 - 30.71.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 28.17.
- 2 The target, 26.67 (-5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 28.61 (+1.6%), cancels the setup.
- 4 Reward : risk is 3.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.