PSX · COMMERCIAL BANKS · 30 Min
FABL Bear Pennant forming
Faysal Bank Limited · 04 Nov 2026 · 13:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 91.10
- ▼ 0.22%
- Upper line
- 91.83
- +0.8%
- Lower line
- 90.88
- -0.2%
- ATR
- 0.50
- 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
FABL is building a bear pennant after a 3.00 drop (6.0x ATR) on the 30-minute chart.
The flag channel runs between 90.88 and 91.83. A 30-minute close below 90.78 signals continuation towards 87.88; a close above 91.83 fails the pattern.
Structure: bearish external, bullish internal (strong high 103.99). Nearest demand OB 88.95 - 89.35, supply OB 95.65 - 95.75.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 91.83 (+0.8%) would be an upside breakout.
- 3 A 30 min close below 90.88 (-0.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.