PSX · CABLE & ELECTRICAL GOODS · 30 Min
FCL Bear Pennant breakdown
Fast Cables Limited · 22 Oct 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 24.00 on the breakout. Target 23.34, invalidation 24.19.
Trade plan
● Active- Close
- 24.00
- ▼ 0.42%
- Target
- 23.34
- -2.8%
- Invalidation
- 24.19
- +0.8%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 0.15
- Price now
- 23.93 -0.3%
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
FCL broke below its bear pennant on the 30-minute close at 24.00.
Projected target 23.34 (-2.7%). The pattern is invalidated beyond 24.19 (+0.8%), a reward-to-risk of about 3.5 : 1.
Structure: bullish external, bearish internal (strong low 23.01). Nearest demand OB 23.76 - 23.89, supply OB 24.50 - 24.69.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 24.00.
- 2 The target, 23.34 (-2.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.19 (+0.8%), cancels the setup.
- 4 Reward : risk is 3.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.