PSX · CEMENT · 1 Hour
MLCF Bull Flag forming
Maple Leaf Cement Factory Limited · 06 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 100.12
- ▲ 0.22%
- Upper line
- 102.98
- +2.9%
- Lower line
- 98.07
- -2.0%
- ATR
- 1.33
- 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
MLCF is building a bull flag after a 11.45 rally (8.6x ATR) on the hourly chart.
The flag channel runs between 98.07 and 102.98. A hourly close above 103.25 signals continuation towards 114.43; a close below 98.07 fails the pattern.
Structure: bullish external, bullish internal (strong low 71.00). Nearest demand OB 94.72 - 95.50, supply OB 104.12 - 105.45.
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 102.98 (+2.9%) would be an upside breakout.
- 3 A 1 hour close below 98.07 (-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 flag
A bull flag is a sharp rise (the pole) followed by a short, gently falling channel (the flag); a break above the flag usually resumes the rise.
- Confirmation
- A close above the flag's upper line.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the flag's lower line.