PSX · TEXTILE SPINNING · 1 Hour
SHCM Bear Flag breakdown
Shadman Cotton Mills Limited · 29 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 66.50 on the breakout. Target 46.30, invalidation 73.45.
Trade plan
● Active- Close
- 66.50
- ▼ 6.34%
- Target
- 46.30
- -30.4%
- Invalidation
- 73.45
- +10.5%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 3.69
- Price now
- 66.10 -0.6%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
SHCM broke below its bear flag on the hourly close at 66.50.
Projected target 46.30 (-30.4%). The pattern is invalidated beyond 73.45 (+10.5%), a reward-to-risk of about 2.9 : 1.
Structure: bullish external, bearish internal (strong low 48.03). Nearest demand OB 58.00 - 61.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 66.50.
- 2 The target, 46.30 (-30.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 73.45 (+10.5%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.