PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
PREMA Bear Pennant forming
At-Tahur Limited · 26 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 29.99
- ▼ 0.07%
- Upper line
- 30.66
- +2.2%
- Lower line
- 29.89
- -0.3%
- ATR
- 0.41
- 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
PREMA is building a bear pennant after a 2.38 drop (5.7x ATR) on the hourly chart.
The flag channel runs between 29.89 and 30.66. A hourly close below 29.81 signals continuation towards 27.51; a close above 30.66 fails the pattern.
Structure: bullish external, bearish internal (strong low 29.13). Nearest demand OB 25.91 - 26.50, supply OB 31.58 - 32.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 30.66 (+2.2%) would be an upside breakout.
- 3 A 1 hour close below 29.89 (-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 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.