PSX · AUTOMOBILE ASSEMBLER · 1 Hour
ATLH Bull Pennant breakout
Atlas Honda Limited · 30 Oct 2026 · 08:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 1,648.97 on the breakout. Target 1,719.00, invalidation 1,620.05.
Trade plan
● Active- Close
- 1,648.97
- ▲ 0.79%
- Target
- 1,719.00
- +4.2%
- Invalidation
- 1,620.05
- -1.8%
RiskReward
- Reward : risk
- 2.4 : 1
- ATR
- 13.91
- Price now
- 1,638.00 -0.7%
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
ATLH broke above its bull pennant on the hourly close at 1,648.97.
Projected target 1,719.00 (+4.2%). The pattern is invalidated beyond 1,620.05 (-1.8%), a reward-to-risk of about 2.4 : 1.
Structure: bullish external, bullish internal (strong low 1,350.00). Nearest demand OB 1,557.00 - 1,571.99, supply OB 1,789.88 - 1,810.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 1,648.97.
- 2 The target, 1,719.00 (+4.2%), 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 2.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.