PSX · CHEMICAL · 30 Min
DAAG Bear Pennant forming
Data Agro Limited · 21 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 115.25
- ▼ 0.99%
- Upper line
- 115.45
- +0.2%
- Lower line
- 112.94
- -2.0%
- ATR
- 3.07
- 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
DAAG is building a bear pennant after a 18.95 drop (6.2x ATR) on the 30-minute chart.
The flag channel runs between 112.94 and 115.45. A 30-minute close below 112.33 signals continuation towards 93.99; a close above 115.45 fails the pattern.
Structure: bullish external, bullish internal (strong low 76.00). Nearest demand OB 64.00 - 66.98.
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 115.45 (+0.2%) would be an upside breakout.
- 3 A 30 min close below 112.94 (-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 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.