PSX · COMMERCIAL BANKS · 1 Hour
JSBL Bull Pennant forming
JS Bank Limited · 06 Nov 2026 · 15:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 11.75
- ▲ 0.43%
- Upper line
- 11.73
- -0.2%
- Lower line
- 11.51
- -2.0%
- ATR
- 0.19
- 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 1 Hour candles · click to enlarge
The breakdown
JSBL is building a bull pennant after a 1.07 rally (5.7x ATR) on the hourly chart.
The flag channel runs between 11.51 and 11.73. A hourly close above 11.77 signals continuation towards 12.80; a close below 11.51 fails the pattern.
Structure: bearish external, bullish internal (strong high 17.50). Nearest demand OB 10.80 - 10.93, supply OB 15.15 - 15.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 11.73 (-0.2%) would be an upside breakout.
- 3 A 1 hour close below 11.51 (-2.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.