PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
ASC Bear Pennant breakdown
Al Shaheer Corporation Limited · 22 Oct 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 7.70 on the breakout. Target 6.91, invalidation 7.92.
Trade plan
● Active- Close
- 7.70
- ▼ 0.26%
- Target
- 6.91
- -10.3%
- Invalidation
- 7.92
- +2.9%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.14
- Price now
- 7.80 +1.3%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
ASC broke below its bear pennant on the hourly close at 7.70.
Projected target 6.91 (-10.3%). The pattern is invalidated beyond 7.92 (+2.9%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bullish internal (strong high 9.18). Nearest supply OB 8.60 - 8.63.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 7.70.
- 2 The target, 6.91 (-10.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.92 (+2.9%), cancels the setup.
- 4 Reward : risk is 3.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.