PSX · TEXTILE SPINNING · 30 Min
IDRT Bear Flag forming
Idrees Textile Mills Limited · 19 Oct 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 34.00
- ▲ 0.00%
- Upper line
- 35.08
- +3.2%
- Lower line
- 33.08
- -2.7%
- ATR
- 0.71
- 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
IDRT is building a bear flag after a 3.97 drop (5.6x ATR) on the 30-minute chart.
The flag channel runs between 33.08 and 35.08. A 30-minute close below 32.94 signals continuation towards 29.11; a close above 35.08 fails the pattern.
Structure: bullish external, bearish internal (strong low 28.70). Nearest demand OB 30.60 - 31.50, supply OB 35.69 - 37.00.
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 35.08 (+3.2%) would be an upside breakout.
- 3 A 30 min close below 33.08 (-2.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.