PSX · TEXTILE COMPOSITE · 30 Min
CRTM Bear Pennant breakdown
The Crescent Textile Mills Limited · 29 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 60.12 on the breakout. Target 51.66, invalidation 61.90.
Trade plan
● Active- Close
- 60.12
- ▼ 2.88%
- Target
- 51.66
- -14.1%
- Invalidation
- 61.90
- +3.0%
RiskReward
- Reward : risk
- 4.8 : 1
- ATR
- 1.36
- Price now
- 61.00 +1.5%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
CRTM broke below its bear pennant on the 30-minute close at 60.12.
Projected target 51.66 (-14.1%). The pattern is invalidated beyond 61.90 (+3.0%), a reward-to-risk of about 4.8 : 1.
Structure: bullish external, bearish internal (strong low 39.45). Nearest demand OB 42.85 - 43.95, supply OB 79.98 - 79.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 60.12.
- 2 The target, 51.66 (-14.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 61.90 (+3.0%), cancels the setup.
- 4 Reward : risk is 4.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.