PSX · TEXTILE SPINNING · 1 Hour
CFL Bear Pennant breakdown
Crescent Fibres Limited · 30 Oct 2026 · 08:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 52.06 on the breakout. Target 33.16, invalidation 57.88.
Trade plan
● Active- Close
- 52.06
- ▼ 5.62%
- Target
- 33.16
- -36.3%
- Invalidation
- 57.88
- +11.2%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 2.71
- Price now
- 56.00 +7.6%
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
CFL broke below its bear pennant on the hourly close at 52.06.
Projected target 33.16 (-36.3%). The pattern is invalidated beyond 57.88 (+11.2%), a reward-to-risk of about 3.2 : 1.
Structure: bullish external, bearish internal (strong low 46.00). Nearest supply OB 61.01 - 62.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 52.06.
- 2 The target, 33.16 (-36.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 57.88 (+11.2%), cancels the setup.
- 4 Reward : risk is 3.2 : 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.