PSX · TEXTILE SPINNING · 30 Min
GADT Bear Pennant breakdown
Gadoon Textile Mills Limited · 22 Oct 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 278.00 on the breakout. Target 270.33, invalidation 284.98.
Trade plan
● Active- Close
- 278.00
- ▼ 0.71%
- Target
- 270.33
- -2.8%
- Invalidation
- 284.98
- +2.5%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 1.52
- Price now
- 277.00 -0.4%
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
GADT broke below its bear pennant on the 30-minute close at 278.00.
Projected target 270.33 (-2.8%). The pattern is invalidated beyond 284.98 (+2.5%), a reward-to-risk of about 1.1 : 1.
Structure: bearish external, bearish internal (strong high 311.20). Nearest demand OB 276.30 - 276.90, supply OB 280.00 - 283.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 278.00.
- 2 The target, 270.33 (-2.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 284.98 (+2.5%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.