PSX · TEXTILE SPINNING · 30 Min
SAIF Bear Flag forming
Saif Textile Mills Limited · 05 Nov 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 39.21
- ▼ 0.48%
- Upper line
- 39.50
- +0.7%
- Lower line
- 38.55
- -1.7%
- ATR
- 0.53
- 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
SAIF is building a bear flag after a 2.64 drop (5.0x ATR) on the 30-minute chart.
The flag channel runs between 38.55 and 39.50. A 30-minute close below 38.44 signals continuation towards 35.91; a close above 39.50 fails the pattern.
Structure: bearish external, bearish internal (strong high 50.68). Nearest demand OB 36.99 - 37.10, supply OB 50.75 - 51.28.
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 39.50 (+0.7%) would be an upside breakout.
- 3 A 30 min close below 38.55 (-1.7%) 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.