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Pattern guide · Usually bearish

Bear pennant

A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.

Breakout record on PSX · last 90 days

0%

0 of 8 resolved breakouts reached their target before invalidation.

0
Target
8
Invalid.
0
Expired
5
Active

Measured on the bars after each breakout: target or invalidation, whichever is touched first. Past outcomes do not predict future ones.

How the bear pennant works

Like a bear flag, but the pause takes the shape of a small converging triangle.

Weak bounces inside the pennant show sellers still in control.

Confirmation
A close below the pennant.
Target
The length of the pole, projected down from the breakout.
Fails if
A close above the pennant.

Latest bear pennant signals

BOK chart 1 Hour Forming
BOK ▼ Bearish

Bear Pennant forming

BOK is building a bear pennant after a 1.92 drop (5.2x ATR) on the hourly chart.

Close
27.59
Above
27.38
-0.8%
Below
27.04
-2.0%
Awaiting breakout

16 Oct 2026 · 15:30 PKT Chart pattern

NESTLE chart 30 Min Breakout
NESTLE ▼ Bearish

Bear Pennant breakdown

NESTLE broke below its bear pennant on the 30-minute close at 6,970.00.

Close
6,970.00
Target
6,696.37
-3.9%
Stop
7,021.98
+0.7%
● Active R:R 5.3

16 Oct 2026 · 15:30 PKT Chart pattern

NESTLE chart 30 Min Forming
NESTLE ▼ Bearish

Bear Pennant forming

NESTLE is building a bear pennant after a 301.35 drop (14.9x ATR) on the 30-minute chart.

Close
7,000.00
Above
7,020.47
+0.3%
Below
6,993.78
-0.1%
Awaiting breakout

16 Oct 2026 · 14:30 PKT Chart pattern

DYNO chart 30 Min Breakout
DYNO ▼ Bearish

Bear Pennant breakdown

DYNO broke below its bear pennant on the 30-minute close at 330.00.

Close
330.00
Target
331.00
+0.3%
Stop
333.00
+0.9%
✕ Invalidated R:R 0.3

16 Oct 2026 · 14:30 PKT Chart pattern

POML chart 1 Hour Breakout
POML ▼ Bearish

Bear Pennant breakdown

POML broke below its bear pennant on the hourly close at 146.00.

Close
146.00
Target
127.02
-13.0%
Stop
150.95
+3.4%
● Active R:R 3.8

16 Oct 2026 · 11:30 PKT Chart pattern

FTSM chart 1 Hour Breakout
FTSM ▼ Bearish

Bear Pennant breakdown

FTSM broke below its bear pennant on the hourly close at 35.49.

Close
35.49
Target
29.30
-17.4%
Stop
39.59
+11.6%
● Active R:R 1.5

16 Oct 2026 · 08:30 PKT Chart pattern

BOK chart 30 Min Forming
BOK ▼ Bearish

Bear Pennant forming

BOK is building a bear pennant after a 1.92 drop (5.9x ATR) on the 30-minute chart.

Close
27.65
Above
27.85
+0.7%
Below
27.02
-2.3%
Awaiting breakout

15 Oct 2026 · 10:30 PKT Chart pattern

SNBL chart 30 Min Forming
SNBL ▼ Bearish

Bear Pennant forming

SNBL is building a bear pennant after a 0.65 drop (5.5x ATR) on the 30-minute chart.

Close
18.90
Above
19.01
+0.6%
Below
18.92
+0.1%
Awaiting breakout

15 Oct 2026 · 09:30 PKT Chart pattern

JLICL chart 30 Min Breakout
JLICL ▼ Bearish

Bear Pennant breakdown

JLICL broke below its bear pennant on the 30-minute close at 100.55.

Close
100.55
Target
93.43
-7.1%
Stop
102.89
+2.3%
● Active R:R 3.0

14 Oct 2026 · 15:00 PKT Chart pattern

JLICL chart 30 Min Forming
JLICL ▼ Bearish

Bear Pennant forming

JLICL is building a bear pennant after a 8.00 drop (9.3x ATR) on the 30-minute chart.

Close
101.30
Above
102.87
+1.5%
Below
101.38
+0.1%
Awaiting breakout

14 Oct 2026 · 14:00 PKT Chart pattern

CENI chart 30 Min Breakout
CENI ▼ Bearish

Bear Pennant breakdown

CENI broke below its bear pennant on the 30-minute close at 37.10.

Close
37.10
Target
15.48
-58.3%
Stop
39.98
+7.8%
● Active R:R 7.5

14 Oct 2026 · 10:30 PKT Chart pattern

MUREB chart 30 Min Forming
MUREB ▼ Bearish

Bear Pennant forming

MUREB is building a bear pennant after a 36.98 drop (6.2x ATR) on the 30-minute chart.

Close
894.00
Above
899.96
+0.7%
Below
892.50
-0.2%
Awaiting breakout

14 Oct 2026 · 10:00 PKT Chart pattern

CENI chart 30 Min Forming
CENI ▼ Bearish

Bear Pennant forming

CENI is building a bear pennant after a 22.11 drop (23.5x ATR) on the 30-minute chart.

Close
39.00
Above
39.93
+2.4%
Below
37.56
-3.7%
Awaiting breakout

14 Oct 2026 · 10:00 PKT Chart pattern

APL chart 30 Min Breakout
APL ▼ Bearish

Bear Pennant breakdown

APL broke below its bear pennant on the 30-minute close at 523.00.

Close
523.00
Target
465.63
-11.0%
Stop
529.96
+1.3%
✕ Invalidated R:R 8.2

14 Oct 2026 · 10:00 PKT Chart pattern

KSE30 chart 30 Min Breakout
KSE30 ▼ Bearish

Bear Pennant breakdown

KSE30 broke below its bear pennant on the 30-minute close at 48,939.63.

Close
48,939.63
Target
48,474.97
-0.9%
Stop
49,158.72
+0.4%
✕ Invalidated R:R 2.1

13 Oct 2026 · 14:30 PKT Chart pattern

CNERGY chart 1 Hour Forming
CNERGY ▼ Bearish

Bear Pennant forming

CNERGY is building a bear pennant after a 0.91 drop (5.7x ATR) on the hourly chart.

Close
12.32
Above
12.37
+0.4%
Below
12.33
+0.1%
Awaiting breakout

13 Oct 2026 · 11:30 PKT Chart pattern

FATIMA chart 30 Min Breakout
FATIMA ▼ Bearish

Bear Pennant breakdown

FATIMA broke below its bear pennant on the 30-minute close at 133.93.

Close
133.93
Target
128.88
-3.8%
Stop
134.95
+0.8%
✕ Invalidated R:R 5.0

12 Oct 2026 · 13:30 PKT Chart pattern

TSMF chart 30 Min Forming
TSMF ▼ Bearish

Bear Pennant forming

TSMF is building a bear pennant after a 3.33 drop (5.5x ATR) on the 30-minute chart.

Close
15.03
Above
15.59
+3.7%
Below
15.05
+0.1%
Awaiting breakout

12 Oct 2026 · 11:30 PKT Chart pattern

IMAGE chart 1 Hour Forming
IMAGE ▼ Bearish

Bear Pennant forming

IMAGE is building a bear pennant after a 3.00 drop (11.1x ATR) on the hourly chart.

Close
23.00
Above
22.79
-0.9%
Below
22.82
-0.8%
Awaiting breakout

12 Oct 2026 · 09:30 PKT Chart pattern

CRTM chart 1 Hour Breakout
CRTM ▼ Bearish

Bear Pennant breakdown

CRTM broke below its bear pennant on the hourly close at 56.00.

Close
56.00
Target
48.98
-12.5%
Stop
57.45
+2.6%
✕ Invalidated R:R 4.8

12 Oct 2026 · 09:30 PKT Chart pattern

BWCL chart Daily Forming
BWCL ▼ Bearish

Bear Pennant forming

BWCL is building a bear pennant after a 63.00 drop (8.7x ATR) on the daily chart.

Close
439.11
Above
449.76
+2.4%
Below
438.50
-0.1%
Awaiting breakout

12 Oct 2026 Chart pattern

RPL chart 30 Min Breakout
RPL ▼ Bearish

Bear Pennant breakdown

RPL broke below its bear pennant on the 30-minute close at 15.34.

Close
15.34
Target
13.90
-9.4%
Stop
15.39
+0.3%
✕ Invalidated R:R 28.8

09 Oct 2026 · 11:30 PKT Chart pattern

MERIT chart 1 Hour Forming
MERIT ▼ Bearish

Bear Pennant forming

MERIT is building a bear pennant after a 0.78 drop (5.4x ATR) on the hourly chart.

Close
9.00
Above
9.10
+1.1%
Below
8.93
-0.8%
Awaiting breakout

09 Oct 2026 · 11:30 PKT Chart pattern

JLICL chart 1 Hour Forming
JLICL ▼ Bearish

Bear Pennant forming

JLICL is building a bear pennant after a 4.95 drop (5.4x ATR) on the hourly chart.

Close
104.96
Above
105.19
+0.2%
Below
103.01
-1.9%
Awaiting breakout

09 Oct 2026 · 11:30 PKT Chart pattern

Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.

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