PSX · INSURANCE · 30 Min
IGIHL Bear Flag forming
IGI Holdings Limited · 22 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 229.90
- ▼ 0.86%
- Upper line
- 231.90
- +0.9%
- Lower line
- 228.75
- -0.5%
- ATR
- 2.49
- 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
IGIHL is building a bear flag after a 13.99 drop (5.6x ATR) on the 30-minute chart.
The flag channel runs between 228.75 and 231.90. A 30-minute close below 228.25 signals continuation towards 214.76; a close above 231.90 fails the pattern.
Structure: bullish external, bearish internal (strong low 224.00). Nearest demand OB 201.50 - 204.00, supply OB 244.00 - 245.99.
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 231.90 (+0.9%) would be an upside breakout.
- 3 A 30 min close below 228.75 (-0.5%) 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.