PSX · GLASS & CERAMICS · 30 Min
GHGL Bear Flag forming
Ghani Glass Limited · 30 Oct 2026 · 15:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 37.60
- ▲ 0.00%
- Upper line
- 38.00
- +1.1%
- Lower line
- 37.26
- -0.9%
- ATR
- 0.39
- 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
GHGL is building a bear flag after a 3.15 drop (8.1x ATR) on the 30-minute chart.
The flag channel runs between 37.26 and 38.00. A 30-minute close below 37.18 signals continuation towards 34.11; a close above 38.00 fails the pattern.
Structure: bearish external, bearish internal (strong high 45.10). Nearest demand OB 35.22 - 35.60, supply OB 39.05 - 39.30.
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 38.00 (+1.1%) would be an upside breakout.
- 3 A 30 min close below 37.26 (-0.9%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bear flag
A bear flag is a sharp fall (the pole) followed by a short, gently rising channel (the flag); a break below the flag usually resumes the fall.
- Confirmation
- A close below the flag's lower line.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the flag's upper line.