PSX · MISCELLANEOUS · 30 Min
UDPL Bear Pennant forming
United Distributors Pakistan Limited · 29 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 90.50
- ▼ 1.09%
- Upper line
- 91.45
- +1.0%
- Lower line
- 89.20
- -1.4%
- ATR
- 2.07
- 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
UDPL is building a bear pennant after a 11.00 drop (5.3x ATR) on the 30-minute chart.
The flag channel runs between 89.20 and 91.45. A 30-minute close below 88.79 signals continuation towards 78.20; a close above 91.45 fails the pattern.
Structure: bearish external, bearish internal (strong high 105.00). Nearest supply OB 96.05 - 100.00.
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 91.45 (+1.0%) would be an upside breakout.
- 3 A 30 min close below 89.20 (-1.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.