PSX · OIL & GAS MARKETING COMPANIES · 30 Min
SSGC Bear Flag forming
Sui Southern Gas Company Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 22.30
- ▼ 1.11%
- Upper line
- 22.74
- +2.0%
- Lower line
- 22.24
- -0.3%
- ATR
- 0.25
- 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
SSGC is building a bear flag after a 1.33 drop (5.3x ATR) on the 30-minute chart.
The flag channel runs between 22.24 and 22.74. A 30-minute close below 22.19 signals continuation towards 20.91; a close above 22.74 fails the pattern.
Structure: bearish external, bearish internal (strong high 23.71). Nearest supply OB 23.04 - 23.29.
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 22.74 (+2.0%) would be an upside breakout.
- 3 A 30 min close below 22.24 (-0.3%) 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.