PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
AHL Bull Pennant forming
Arif Habib Limited · 29 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 105.70
- ▼ 0.10%
- Upper line
- 105.88
- +0.2%
- Lower line
- 105.11
- -0.6%
- ATR
- 0.68
- 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
AHL is building a bull pennant after a 3.88 rally (5.7x ATR) on the 30-minute chart.
The flag channel runs between 105.11 and 105.88. A 30-minute close above 106.02 signals continuation towards 109.76; a close below 105.11 fails the pattern.
Structure: bearish external, bearish internal (strong high 118.99). Nearest demand OB 96.00 - 98.00, supply OB 113.40 - 113.99.
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 105.88 (+0.2%) would be an upside breakout.
- 3 A 30 min close below 105.11 (-0.6%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.