PSX · PHARMACEUTICALS · 1 Hour
HALEON Bear Pennant forming
Haleon Pakistan Limited · 19 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 678.00
- ▼ 0.15%
- Upper line
- 697.94
- +2.9%
- Lower line
- 677.15
- -0.1%
- ATR
- 5.22
- 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
HALEON is building a bear pennant after a 62.00 drop (11.9x ATR) on the hourly chart.
The flag channel runs between 677.15 and 697.94. A hourly close below 676.11 signals continuation towards 615.15; a close above 697.94 fails the pattern.
Structure: bearish external, bullish internal (strong high 699.00). Nearest demand OB 657.00 - 665.00, supply OB 784.50 - 785.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 697.94 (+2.9%) would be an upside breakout.
- 3 A 1 hour close below 677.15 (-0.1%) 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.