PSX · CHEMICAL · 1 Hour
PPVC Bear Pennant breakdown
Pakistan PVC Limited · 20 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 16.00 on the breakout. Target 13.48, invalidation 17.98.
Trade plan
● Active- Close
- 16.00
- ▼ 5.88%
- Target
- 13.48
- -15.8%
- Invalidation
- 17.98
- +12.4%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.54
- Price now
- 16.00 0.0%
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
PPVC broke below its bear pennant on the hourly close at 16.00.
Projected target 13.48 (-15.7%). The pattern is invalidated beyond 17.98 (+12.4%), a reward-to-risk of about 1.3 : 1.
Structure: bearish external, bearish internal (strong high 20.50). Nearest supply OB 19.70 - 19.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 16.00.
- 2 The target, 13.48 (-15.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 17.98 (+12.4%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.