PSX · ENGINEERING · 30 Min
DADX Bear Pennant breakdown
Dadex Eternit Limited · 27 Oct 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 163.00 on the breakout. Target 141.03, invalidation 167.50.
Trade plan
● Active- Close
- 163.00
- ▼ 1.70%
- Target
- 141.03
- -13.5%
- Invalidation
- 167.50
- +2.8%
RiskReward
- Reward : risk
- 4.9 : 1
- ATR
- 3.43
- Price now
- 148.00 -9.2%
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
DADX broke below its bear pennant on the 30-minute close at 163.00.
Projected target 141.03 (-13.5%). The pattern is invalidated beyond 167.50 (+2.8%), a reward-to-risk of about 4.9 : 1.
Structure: bullish external, bearish internal (strong low 123.75). Nearest demand OB 125.50 - 128.90, supply OB 174.00 - 178.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 163.00.
- 2 The target, 141.03 (-13.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 167.50 (+2.8%), cancels the setup.
- 4 Reward : risk is 4.9 : 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.