PSX · COMMERCIAL BANKS · 30 Min
HMB Bull Pennant forming
Habib Metropolitan Bank Limited · 22 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 96.29
- ▼ 0.12%
- Upper line
- 96.74
- +0.5%
- Lower line
- 96.19
- -0.1%
- ATR
- 0.48
- 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
HMB is building a bull pennant after a 2.50 rally (5.2x ATR) on the 30-minute chart.
The flag channel runs between 96.19 and 96.74. A 30-minute close above 96.84 signals continuation towards 99.24; a close below 96.19 fails the pattern.
Structure: bullish external, bearish internal (strong low 94.00). Nearest supply OB 95.51 - 96.90.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 96.74 (+0.5%) would be an upside breakout.
- 3 A 30 min close below 96.19 (-0.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.