PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
WTL Bull Pennant breakout
Worldcall Telecom Limited · 13 Nov 2026 · 08:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 1.29 on the breakout. Target 1.59, invalidation 1.23.
Trade plan
● Active- Close
- 1.29
- ▲ 3.20%
- Target
- 1.59
- +23.3%
- Invalidation
- 1.23
- -4.7%
RiskReward
- Reward : risk
- 5.0 : 1
- ATR
- 0.05
- Price now
- 1.29 0.0%
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
WTL broke above its bull pennant on the hourly close at 1.29.
Projected target 1.59 (+23.3%). The pattern is invalidated beyond 1.23 (-4.7%), a reward-to-risk of about 5.0 : 1.
Structure: bullish external, bullish internal (strong low 0.87). Nearest demand OB 1.01 - 1.03, supply OB 1.42 - 1.51.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 1.29.
- 2 The target, 1.59 (+23.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1.23 (-4.7%), cancels the setup.
- 4 Reward : risk is 5.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.