PSX · PHARMACEUTICALS · Daily
SEARL Bear Pennant breakdown
The Searle Company Limited · 22 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 76.06 on the breakout. Target 66.53, invalidation 78.65.
Trade plan
- Close
- 76.06
- ▼ 1.73%
- Target
- 66.53
- -12.5%
- Invalidation
- 78.65
- +3.4%
RiskReward
- Reward : risk
- 3.7 : 1
- ATR
- 1.79
- 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 Daily candles · click to enlarge
The breakdown
SEARL broke below its bear pennant on the daily close at 76.06.
Projected target 66.53 (-12.5%). The pattern is invalidated beyond 78.65 (+3.4%), a reward-to-risk of about 3.7 : 1.
Structure: bullish external, bearish internal (strong low 52.75). Nearest demand OB 66.96 - 72.17, supply OB 83.15 - 84.90.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 76.06.
- 2 The target, 66.53 (-12.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 78.65 (+3.4%), cancels the setup.
- 4 Reward : risk is 3.7 : 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.