PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
MFL Bear Pennant breakdown
Matco Foods Limited · 20 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 45.77 on the breakout. Target 40.95, invalidation 47.25.
Trade plan
● Active- Close
- 45.77
- ▼ 1.87%
- Target
- 40.95
- -10.5%
- Invalidation
- 47.25
- +3.2%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 0.78
- Price now
- 45.69 -0.2%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
MFL broke below its bear pennant on the 30-minute close at 45.77.
Projected target 40.95 (-10.5%). The pattern is invalidated beyond 47.25 (+3.2%), a reward-to-risk of about 3.3 : 1.
Structure: bullish external, bullish internal (strong low 43.00). Nearest demand OB 38.50 - 38.80, supply OB 70.00 - 72.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 45.77.
- 2 The target, 40.95 (-10.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 47.25 (+3.2%), cancels the setup.
- 4 Reward : risk is 3.3 : 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.