PSX · AUTOMOBILE ASSEMBLER · 30 Min
ATLH Bull Pennant breakout
Atlas Honda Limited · 30 Oct 2026 · 09:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 1,648.97 on the breakout. Target 1,716.16, invalidation 1,620.05.
Trade plan
● Active- Close
- 1,648.97
- ▲ 0.79%
- Target
- 1,716.16
- +4.1%
- Invalidation
- 1,620.05
- -1.8%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 11.74
- Price now
- 1,637.99 -0.7%
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
ATLH broke above its bull pennant on the 30-minute close at 1,648.97.
Projected target 1,716.16 (+4.1%). The pattern is invalidated beyond 1,620.05 (-1.8%), a reward-to-risk of about 2.3 : 1.
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 The breakout was confirmed by the 30 min candle closing above the pattern at 1,648.97.
- 2 The target, 1,716.16 (+4.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,620.05 (-1.8%), cancels the setup.
- 4 Reward : risk is 2.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.