PSX · PHARMACEUTICALS · 1 Hour
HALEON Bear Pennant breakdown
Haleon Pakistan Limited · 19 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 676.03 on the breakout. Target 615.85, invalidation 698.00.
Trade plan
● Active- Close
- 676.03
- ▼ 0.14%
- Target
- 615.85
- -8.9%
- Invalidation
- 698.00
- +3.2%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 4.82
- Price now
- 677.99 +0.3%
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
HALEON broke below its bear pennant on the hourly close at 676.03.
Projected target 615.85 (-8.9%). The pattern is invalidated beyond 698.00 (+3.2%), a reward-to-risk of about 2.7 : 1.
Structure: bearish external, bullish internal (strong high 699.00). Nearest demand OB 657.00 - 665.00, supply OB 784.50 - 785.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 676.03.
- 2 The target, 615.85 (-8.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 698.00 (+3.2%), cancels the setup.
- 4 Reward : risk is 2.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.