PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
FCSC Bear Pennant forming
First Capital Securities Corporation · 12 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 6.04
- ▼ 0.98%
- Upper line
- 6.20
- +2.6%
- Lower line
- 5.98
- -1.0%
- ATR
- 0.12
- 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
FCSC is building a bear pennant after a 0.59 drop (5.1x ATR) on the 30-minute chart.
The flag channel runs between 5.98 and 6.20. A 30-minute close below 5.96 signals continuation towards 5.39; a close above 6.20 fails the pattern.
Structure: bullish external, bearish internal (strong low 4.77). Nearest demand OB 5.61 - 5.78, supply OB 6.35 - 6.50.
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 6.20 (+2.6%) would be an upside breakout.
- 3 A 30 min close below 5.98 (-1.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.