PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
DWAE Bear Flag breakdown
Dewan Automotive Engineering Limited · 23 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 20.50 on the breakout. Target 17.10, invalidation 22.15.
Trade plan
● Active- Close
- 20.50
- ▼ 3.30%
- Target
- 17.10
- -16.6%
- Invalidation
- 22.15
- +8.0%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 0.80
- Price now
- 21.44 +4.6%
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
DWAE broke below its bear flag on the hourly close at 20.50.
Projected target 17.10 (-16.6%). The pattern is invalidated beyond 22.15 (+8.0%), a reward-to-risk of about 2.1 : 1.
Structure: bearish external, bullish internal (strong high 42.81). Nearest supply OB 28.35 - 30.59.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 20.50.
- 2 The target, 17.10 (-16.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.15 (+8.0%), cancels the setup.
- 4 Reward : risk is 2.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.