PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
MDTL Bull Pennant breakout
Media Times Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 8.48 on the breakout. Target 9.66, invalidation 7.96.
Trade plan
● Active- Close
- 8.48
- ▲ 6.00%
- Target
- 9.66
- +13.9%
- Invalidation
- 7.96
- -6.1%
RiskReward
- Reward : risk
- 2.3 : 1
- ATR
- 0.23
- Price now
- 8.17 -3.7%
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
MDTL broke above its bull pennant on the hourly close at 8.48.
Projected target 9.66 (+13.9%). The pattern is invalidated beyond 7.96 (-6.1%), a reward-to-risk of about 2.3 : 1.
Structure: bearish external, bullish internal (strong high 9.87). Nearest demand OB 6.96 - 7.18, supply OB 9.46 - 9.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 8.48.
- 2 The target, 9.66 (+13.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.96 (-6.1%), cancels the setup.
- 4 Reward : risk is 2.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the bull pennant
A bull pennant is a sharp rise followed by a small symmetrical triangle; a break above it usually continues the rise.
- Confirmation
- A close above the pennant.
- Target
- The length of the pole, projected up from the breakout.
- Fails if
- A close below the pennant.