Pattern guide · Usually bearish
Bear pennant
A bear pennant is a sharp fall followed by a small symmetrical triangle; a break below it usually continues the fall.
Breakout record on PSX · last 90 days
0%
0 of 8 resolved breakouts reached their target before invalidation.
- 0
- Target
- 8
- Invalid.
- 0
- Expired
- 5
- Active
Measured on the bars after each breakout: target or invalidation, whichever is touched first. Past outcomes do not predict future ones.
How the bear pennant works
Like a bear flag, but the pause takes the shape of a small converging triangle.
Weak bounces inside the pennant show sellers still in control.
- Confirmation
- A close below the pennant.
- Target
- The length of the pole, projected down from the breakout.
- Fails if
- A close above the pennant.
Latest bear pennant signals
Bear Pennant forming
BOK is building a bear pennant after a 1.92 drop (5.2x ATR) on the hourly chart.
- Close
- 27.59
- Above
- 27.38
- -0.8%
- Below
- 27.04
- -2.0%
16 Oct 2026 · 15:30 PKT Chart pattern
Bear Pennant breakdown
NESTLE broke below its bear pennant on the 30-minute close at 6,970.00.
- Close
- 6,970.00
- Target
- 6,696.37
- -3.9%
- Stop
- 7,021.98
- +0.7%
16 Oct 2026 · 15:30 PKT Chart pattern
Bear Pennant forming
NESTLE is building a bear pennant after a 301.35 drop (14.9x ATR) on the 30-minute chart.
- Close
- 7,000.00
- Above
- 7,020.47
- +0.3%
- Below
- 6,993.78
- -0.1%
16 Oct 2026 · 14:30 PKT Chart pattern
Bear Pennant breakdown
DYNO broke below its bear pennant on the 30-minute close at 330.00.
- Close
- 330.00
- Target
- 331.00
- +0.3%
- Stop
- 333.00
- +0.9%
16 Oct 2026 · 14:30 PKT Chart pattern
Bear Pennant breakdown
POML broke below its bear pennant on the hourly close at 146.00.
- Close
- 146.00
- Target
- 127.02
- -13.0%
- Stop
- 150.95
- +3.4%
16 Oct 2026 · 11:30 PKT Chart pattern
Bear Pennant breakdown
FTSM broke below its bear pennant on the hourly close at 35.49.
- Close
- 35.49
- Target
- 29.30
- -17.4%
- Stop
- 39.59
- +11.6%
16 Oct 2026 · 08:30 PKT Chart pattern
Bear Pennant forming
BOK is building a bear pennant after a 1.92 drop (5.9x ATR) on the 30-minute chart.
- Close
- 27.65
- Above
- 27.85
- +0.7%
- Below
- 27.02
- -2.3%
15 Oct 2026 · 10:30 PKT Chart pattern
Bear Pennant forming
SNBL is building a bear pennant after a 0.65 drop (5.5x ATR) on the 30-minute chart.
- Close
- 18.90
- Above
- 19.01
- +0.6%
- Below
- 18.92
- +0.1%
15 Oct 2026 · 09:30 PKT Chart pattern
Bear Pennant breakdown
JLICL broke below its bear pennant on the 30-minute close at 100.55.
- Close
- 100.55
- Target
- 93.43
- -7.1%
- Stop
- 102.89
- +2.3%
14 Oct 2026 · 15:00 PKT Chart pattern
Bear Pennant forming
JLICL is building a bear pennant after a 8.00 drop (9.3x ATR) on the 30-minute chart.
- Close
- 101.30
- Above
- 102.87
- +1.5%
- Below
- 101.38
- +0.1%
14 Oct 2026 · 14:00 PKT Chart pattern
Bear Pennant breakdown
CENI broke below its bear pennant on the 30-minute close at 37.10.
- Close
- 37.10
- Target
- 15.48
- -58.3%
- Stop
- 39.98
- +7.8%
14 Oct 2026 · 10:30 PKT Chart pattern
Bear Pennant forming
MUREB is building a bear pennant after a 36.98 drop (6.2x ATR) on the 30-minute chart.
- Close
- 894.00
- Above
- 899.96
- +0.7%
- Below
- 892.50
- -0.2%
14 Oct 2026 · 10:00 PKT Chart pattern
Bear Pennant forming
CENI is building a bear pennant after a 22.11 drop (23.5x ATR) on the 30-minute chart.
- Close
- 39.00
- Above
- 39.93
- +2.4%
- Below
- 37.56
- -3.7%
14 Oct 2026 · 10:00 PKT Chart pattern
Bear Pennant breakdown
APL broke below its bear pennant on the 30-minute close at 523.00.
- Close
- 523.00
- Target
- 465.63
- -11.0%
- Stop
- 529.96
- +1.3%
14 Oct 2026 · 10:00 PKT Chart pattern
Bear Pennant breakdown
KSE30 broke below its bear pennant on the 30-minute close at 48,939.63.
- Close
- 48,939.63
- Target
- 48,474.97
- -0.9%
- Stop
- 49,158.72
- +0.4%
13 Oct 2026 · 14:30 PKT Chart pattern
Bear Pennant forming
CNERGY is building a bear pennant after a 0.91 drop (5.7x ATR) on the hourly chart.
- Close
- 12.32
- Above
- 12.37
- +0.4%
- Below
- 12.33
- +0.1%
13 Oct 2026 · 11:30 PKT Chart pattern
Bear Pennant breakdown
FATIMA broke below its bear pennant on the 30-minute close at 133.93.
- Close
- 133.93
- Target
- 128.88
- -3.8%
- Stop
- 134.95
- +0.8%
12 Oct 2026 · 13:30 PKT Chart pattern
Bear Pennant forming
TSMF is building a bear pennant after a 3.33 drop (5.5x ATR) on the 30-minute chart.
- Close
- 15.03
- Above
- 15.59
- +3.7%
- Below
- 15.05
- +0.1%
12 Oct 2026 · 11:30 PKT Chart pattern
Bear Pennant forming
IMAGE is building a bear pennant after a 3.00 drop (11.1x ATR) on the hourly chart.
- Close
- 23.00
- Above
- 22.79
- -0.9%
- Below
- 22.82
- -0.8%
12 Oct 2026 · 09:30 PKT Chart pattern
Bear Pennant breakdown
CRTM broke below its bear pennant on the hourly close at 56.00.
- Close
- 56.00
- Target
- 48.98
- -12.5%
- Stop
- 57.45
- +2.6%
12 Oct 2026 · 09:30 PKT Chart pattern
Bear Pennant forming
BWCL is building a bear pennant after a 63.00 drop (8.7x ATR) on the daily chart.
- Close
- 439.11
- Above
- 449.76
- +2.4%
- Below
- 438.50
- -0.1%
12 Oct 2026 Chart pattern
Bear Pennant breakdown
RPL broke below its bear pennant on the 30-minute close at 15.34.
- Close
- 15.34
- Target
- 13.90
- -9.4%
- Stop
- 15.39
- +0.3%
09 Oct 2026 · 11:30 PKT Chart pattern
Bear Pennant forming
MERIT is building a bear pennant after a 0.78 drop (5.4x ATR) on the hourly chart.
- Close
- 9.00
- Above
- 9.10
- +1.1%
- Below
- 8.93
- -0.8%
09 Oct 2026 · 11:30 PKT Chart pattern
Bear Pennant forming
JLICL is building a bear pennant after a 4.95 drop (5.4x ATR) on the hourly chart.
- Close
- 104.96
- Above
- 105.19
- +0.2%
- Below
- 103.01
- -1.9%
09 Oct 2026 · 11:30 PKT Chart pattern
Technical analysis for education only — not investment advice. Patterns can fail; manage your own risk.