PSX · REFINERY · 30 Min
CNERGY Bear Flag breakdown
Cnergyico PK Limited · 20 Oct 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 12.39 on the breakout. Target 11.65, invalidation 12.63.
Trade plan
✕ Invalidated- Close
- 12.39
- ▼ 0.08%
- Target
- 11.65
- -6.0%
- Invalidation
- 12.63
- +1.9%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.12
- Price now
- 12.67 +2.3%
- Resolved
- 21 Oct · 10:00
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
CNERGY broke below its bear flag on the 30-minute close at 12.39.
Projected target 11.65 (-6.0%). The pattern is invalidated beyond 12.63 (+1.9%), a reward-to-risk of about 3.1 : 1.
Structure: bullish external, bearish internal (strong low 9.73). Nearest demand OB 12.23 - 12.30, supply OB 12.45 - 12.62.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 12.39.
- 2 The target, 11.65 (-6.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.63 (+1.9%), cancels the setup.
- 4 Reward : risk is 3.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.