PSX · PAPER, BOARD & PACKAGING · 30 Min
MACFL Bear Flag forming
MACPAC Films Limited · 30 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 48.40
- ▼ 1.22%
- Upper line
- 49.75
- +2.8%
- Lower line
- 47.11
- -2.7%
- ATR
- 1.15
- 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
MACFL is building a bear flag after a 6.33 drop (5.5x ATR) on the 30-minute chart.
The flag channel runs between 47.11 and 49.75. A 30-minute close below 46.88 signals continuation towards 40.78; a close above 49.75 fails the pattern.
Structure: bearish external, bearish internal (strong high 136.26). Nearest demand OB 23.80 - 24.89, supply OB 56.03 - 58.25.
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 49.75 (+2.8%) would be an upside breakout.
- 3 A 30 min close below 47.11 (-2.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.