PSX · REFINERY · 1 Hour
PRL Bear Pennant breakdown
Pakistan Refinery Limited · 05 Nov 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 83.81 on the breakout. Target 64.40, invalidation 86.85.
Trade plan
✕ Invalidated- Close
- 83.81
- ▼ 0.82%
- Target
- 64.40
- -23.2%
- Invalidation
- 86.85
- +3.6%
RiskReward
- Reward : risk
- 6.4 : 1
- ATR
- 1.77
- Price now
- 77.45 -7.6%
- Resolved
- 06 Nov · 10:30
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
PRL broke below its bear pennant on the hourly close at 83.81.
Projected target 64.40 (-23.2%). The pattern is invalidated beyond 86.85 (+3.6%), a reward-to-risk of about 6.4 : 1.
Structure: bullish external, bearish internal (strong low 74.74). Nearest demand OB 74.74 - 79.90, supply OB 97.42 - 99.35.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 83.81.
- 2 The target, 64.40 (-23.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 86.85 (+3.6%), cancels the setup.
- 4 Reward : risk is 6.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.