PSX · REFINERY · 1 Hour
CNERGY Bull Flag forming
Cnergyico PK Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 12.82
- ▲ 0.00%
- Upper line
- 12.92
- +0.8%
- Lower line
- 12.75
- -0.5%
- ATR
- 0.16
- 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
CNERGY is building a bull flag after a 0.85 rally (5.4x ATR) on the hourly chart.
The flag channel runs between 12.75 and 12.92. A hourly close above 12.95 signals continuation towards 13.77; a close below 12.75 fails the pattern.
Structure: bullish external, bearish internal (strong low 9.73). Nearest demand OB 11.41 - 11.50, supply OB 13.69 - 14.33.
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 12.92 (+0.8%) would be an upside breakout.
- 3 A 1 hour close below 12.75 (-0.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.