PSX · ENGINEERING · 30 Min
DADX Bear Pennant breakdown
Dadex Eternit Limited · 10 Nov 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 160.00 on the breakout. Target 142.00, invalidation 164.82.
Trade plan
● Active- Close
- 160.00
- ▼ 1.24%
- Target
- 142.00
- -11.3%
- Invalidation
- 164.82
- +3.0%
RiskReward
- Reward : risk
- 3.7 : 1
- ATR
- 3.75
- Price now
- 160.00 0.0%
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
DADX broke below its bear pennant on the 30-minute close at 160.00.
Projected target 142.00 (-11.3%). The pattern is invalidated beyond 164.82 (+3.0%), a reward-to-risk of about 3.7 : 1.
Structure: bearish external, bullish internal (strong high 199.95). Nearest demand OB 139.00 - 140.69, supply OB 184.00 - 190.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 160.00.
- 2 The target, 142.00 (-11.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 164.82 (+3.0%), cancels the setup.
- 4 Reward : risk is 3.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.