PSX · AUTOMOBILE ASSEMBLER · 30 Min
ATLH Bull Pennant forming
Atlas Honda Limited · 29 Oct 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 1,636.00
- ▲ 0.18%
- Upper line
- 1,638.33
- +0.1%
- Lower line
- 1,621.06
- -0.9%
- ATR
- 10.80
- 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
ATLH is building a bull pennant after a 77.99 rally (7.2x ATR) on the 30-minute chart.
The flag channel runs between 1,621.06 and 1,638.33. A 30-minute close above 1,640.49 signals continuation towards 1,716.32; a close below 1,621.06 fails the pattern.
Structure: bearish external, bullish internal (strong high 1,810.00). Nearest demand OB 1,560.01 - 1,569.89, supply OB 1,789.88 - 1,810.00.
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 1,638.33 (+0.1%) would be an upside breakout.
- 3 A 30 min close below 1,621.06 (-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 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.