PSX · POWER GENERATION & DISTRIBUTION · 30 Min
KOHE Bear Pennant forming
Kohinoor Energy Limited · 28 Oct 2026 · 14:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 15.27
- ▲ 0.00%
- Upper line
- 15.31
- +0.3%
- Lower line
- 15.04
- -1.5%
- ATR
- 0.18
- 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
KOHE is building a bear pennant after a 1.53 drop (8.7x ATR) on the 30-minute chart.
The flag channel runs between 15.04 and 15.31. A 30-minute close below 15.00 signals continuation towards 13.51; a close above 15.31 fails the pattern.
Structure: bullish external, bullish internal (strong low 14.01). Nearest demand OB 14.41 - 14.64.
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 15.31 (+0.3%) would be an upside breakout.
- 3 A 30 min close below 15.04 (-1.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.