PSX · COMMERCIAL BANKS · 1 Hour
SCBPL Ascending Triangle breakdown
Standard Chartered Bank (Pak) Ltd · 21 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 59.10 on the breakout. Target 54.06, invalidation 60.99.
Trade plan
● Active- Close
- 59.10
- ▲ 0.17%
- Target
- 54.06
- -8.5%
- Invalidation
- 60.99
- +3.2%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.78
- Price now
- 59.90 +1.4%
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
SCBPL broke below its ascending triangle on the hourly close at 59.10.
Projected target 54.06 (-8.5%). The pattern is invalidated beyond 60.99 (+3.2%), a reward-to-risk of about 2.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 79.00). Nearest demand OB 52.01 - 54.50, supply OB 66.55 - 68.89.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 59.10.
- 2 The target, 54.06 (-8.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 60.99 (+3.2%), cancels the setup.
- 4 Reward : risk is 2.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- Confirmation
- A candle close outside the triangle.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.