PSX · COMMERCIAL BANKS · 30 Min
ABL Bear Flag breakdown
Allied Bank Limited · 10 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 170.11 on the breakout. Target 167.75, invalidation 172.95.
Trade plan
✕ Invalidated- Close
- 170.11
- ▼ 1.10%
- Target
- 167.75
- -1.4%
- Invalidation
- 172.95
- +1.7%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 0.94
- Price now
- 172.50 +1.4%
- Resolved
- 10 Nov · 12:30
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
ABL broke below its bear flag on the 30-minute close at 170.11.
Projected target 167.75 (-1.4%). The pattern is invalidated beyond 172.95 (+1.7%), a reward-to-risk of about 0.8 : 1.
Structure: bullish external, bearish internal (strong low 162.45). Nearest demand OB 168.80 - 169.92, supply OB 174.49 - 175.48.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 170.11.
- 2 The target, 167.75 (-1.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 172.95 (+1.7%), cancels the setup.
- 4 Reward : risk is 0.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.