PSX · REFINERY · 1 Hour
CNERGY Bull Pennant breakout
Cnergyico PK Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 13.14 on the breakout. Target 13.88, invalidation 12.76.
Trade plan
● Active- Close
- 13.14
- ▲ 2.10%
- Target
- 13.88
- +5.6%
- Invalidation
- 12.76
- -2.9%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.17
- Price now
- 12.97 -1.3%
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
CNERGY broke above its bull pennant on the hourly close at 13.14.
Projected target 13.88 (+5.6%). The pattern is invalidated beyond 12.76 (-2.9%), a reward-to-risk of about 1.9 : 1.
Structure: bullish external, bearish internal (strong low 9.73). Nearest demand OB 11.41 - 11.50, supply OB 13.69 - 14.33.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 13.14.
- 2 The target, 13.88 (+5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.76 (-2.9%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.