PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
DWAE Bear Flag forming
Dewan Automotive Engineering Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 21.50
- ▼ 0.28%
- Upper line
- 22.17
- +3.1%
- Lower line
- 21.00
- -2.3%
- ATR
- 0.50
- 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
DWAE is building a bear flag after a 3.90 drop (7.8x ATR) on the hourly chart.
The flag channel runs between 21.00 and 22.17. A hourly close below 20.90 signals continuation towards 17.10; a close above 22.17 fails the pattern.
Structure: bearish external, bullish internal (strong high 42.81). Nearest demand OB 19.01 - 19.64, supply OB 28.35 - 30.59.
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 22.17 (+3.1%) would be an upside breakout.
- 3 A 1 hour close below 21.00 (-2.3%) 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.