PSX · EXCHANGE TRADED FUNDS · 30 Min
JSMFETF Bear Pennant forming
JS Momentum Factor Exchange Traded Fund · 26 Oct 2026 · 12:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 10.12
- ▲ 0.20%
- Upper line
- 10.13
- +0.1%
- Lower line
- 10.03
- -0.9%
- ATR
- 0.06
- 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
JSMFETF is building a bear pennant after a 0.50 drop (8.5x ATR) on the 30-minute chart.
The flag channel runs between 10.03 and 10.13. A 30-minute close below 10.02 signals continuation towards 9.53; a close above 10.13 fails the pattern.
Structure: bearish external, bearish internal (strong high 11.97). Nearest demand OB 9.76 - 9.81, supply OB 10.74 - 10.75.
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 10.13 (+0.1%) would be an upside breakout.
- 3 A 30 min close below 10.03 (-0.9%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.