PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
TSPL Ascending Triangle forming
Tri-Star Power Limited · 21 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 13.20
- ▲ 0.76%
- Upper line
- 14.07
- +6.6%
- Lower line
- 13.18
- -0.2%
- ATR
- 0.33
- 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
TSPL is compressing inside an ascending triangle on the hourly chart - 5 swing points, 13.1x ATR wide at the start.
Upper line 14.07, lower line 13.18. The pattern favours an upside resolution: a hourly close above 14.14 confirms an upside breakout, a close below 13.11 a downside break.
Structure: bullish external, bullish internal (strong low 8.00). Nearest demand OB 12.30 - 12.50, supply OB 14.60 - 15.20.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 14.07 (+6.6%) would be an upside breakout.
- 3 A 1 hour close below 13.18 (-0.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.