Chart patterns look apt for a short trade in UBL REASONS
1. In Monthly time frame, UBL has been trading inside an Ascending channel pattern taking support and resistance at perfect levels till now.(shown below)
2. Right now, it is under its down swing move inside the Ascending channel pattern
3. In Daily timeframe, Bearish Flag pole pattern developing and due for BREAKDOWN!!!(shown below)
4. In 4 hr time frame, it is looking good to enter the trade (STRUGGLING TO MAKE HIGHER HIGH)
5. Entry can also be after a 2hr breakdown out of the flag pattern(pink line)