PSX · PHARMACEUTICALS · 1 Hour
HALEON Bear Flag forming
Haleon Pakistan Limited · 30 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 663.49
- ▼ 0.08%
- Upper line
- 669.49
- +0.9%
- Lower line
- 655.16
- -1.3%
- ATR
- 4.36
- 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
HALEON is building a bear flag after a 28.98 drop (6.6x ATR) on the hourly chart.
The flag channel runs between 655.16 and 669.49. A hourly close below 654.29 signals continuation towards 626.18; a close above 669.49 fails the pattern.
Structure: bearish external, bearish internal (strong high 735.00). Nearest supply OB 784.50 - 785.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 669.49 (+0.9%) would be an upside breakout.
- 3 A 1 hour close below 655.16 (-1.3%) 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.