PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
ZAL Bull Flag forming
Zarea Limited · 06 Nov 2026 · 15:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 33.20
- ▲ 2.06%
- Upper line
- 33.31
- +0.3%
- Lower line
- 32.23
- -2.9%
- ATR
- 0.60
- 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
ZAL is building a bull flag after a 3.66 rally (6.1x ATR) on the hourly chart.
The flag channel runs between 32.23 and 33.31. A hourly close above 33.43 signals continuation towards 36.97; a close below 32.23 fails the pattern.
Structure: bearish external, bearish internal (strong high 37.51). Nearest supply OB 37.82 - 38.50.
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 33.31 (+0.3%) would be an upside breakout.
- 3 A 1 hour close below 32.23 (-2.9%) 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.