PSX · TEXTILE COMPOSITE · 1 Hour
ADMM Bull Flag forming
Artistic Denim Mills Limited · 21 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 51.00
- ▲ 1.01%
- Upper line
- 51.59
- +1.2%
- Lower line
- 49.97
- -2.0%
- ATR
- 0.80
- 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
ADMM is building a bull flag after a 5.63 rally (7.0x ATR) on the hourly chart.
The flag channel runs between 49.97 and 51.59. A hourly close above 51.75 signals continuation towards 57.22; a close below 49.97 fails the pattern.
Structure: bearish external, bullish internal (strong high 64.90). Nearest demand OB 45.50 - 46.60, supply OB 74.00 - 75.00.
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 51.59 (+1.2%) would be an upside breakout.
- 3 A 1 hour close below 49.97 (-2.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.