PSX · ENGINEERING · 1 Hour
ASL Bear Flag breakdown
Aisha Steel Mills Limited · 19 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 14.94 on the breakout. Target 14.04, invalidation 15.50.
Trade plan
● Active- Close
- 14.94
- ▼ 1.58%
- Target
- 14.04
- -6.0%
- Invalidation
- 15.50
- +3.7%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.21
- Price now
- 14.95 +0.1%
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
ASL broke below its bear flag on the hourly close at 14.94.
Projected target 14.04 (-6.0%). The pattern is invalidated beyond 15.50 (+3.7%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bearish internal (strong low 13.85). Nearest demand OB 14.42 - 14.68, supply OB 16.75 - 16.87.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 14.94.
- 2 The target, 14.04 (-6.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.50 (+3.7%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.