PSX · PAPER, BOARD & PACKAGING · 30 Min
CEPB Bear Pennant breakdown
Century Paper & Board Mills Limited · 30 Oct 2026 · 16:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 22.10 on the breakout. Target 19.13, invalidation 22.89.
Trade plan
● Active- Close
- 22.10
- ▼ 1.34%
- Target
- 19.13
- -13.4%
- Invalidation
- 22.89
- +3.6%
RiskReward
- Reward : risk
- 3.8 : 1
- ATR
- 0.46
- Price now
- 22.10 0.0%
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
CEPB broke below its bear pennant on the 30-minute close at 22.10.
Projected target 19.13 (-13.4%). The pattern is invalidated beyond 22.89 (+3.6%), a reward-to-risk of about 3.8 : 1.
Structure: bearish external, bearish internal (strong high 27.20). Nearest supply OB 24.70 - 25.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 22.10.
- 2 The target, 19.13 (-13.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.89 (+3.6%), cancels the setup.
- 4 Reward : risk is 3.8 : 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.