PSX · PHARMACEUTICALS · 30 Min
ABOT Symmetrical Triangle breakdown
Abbott Laboratories (Pakistan) Limited · 21 Oct 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 932.00 on the breakout. Target 887.44, invalidation 947.50.
Trade plan
✕ Invalidated- Close
- 932.00
- ▼ 0.32%
- Target
- 887.44
- -4.8%
- Invalidation
- 947.50
- +1.7%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 5.68
- Price now
- 940.00 +0.9%
- Resolved
- 22 Oct · 09:30
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
ABOT broke below its symmetrical triangle on the 30-minute close at 932.00.
Projected target 887.44 (-4.8%). The pattern is invalidated beyond 947.50 (+1.7%), a reward-to-risk of about 2.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 890.08). Nearest demand OB 882.00 - 883.00, supply OB 1,004.25 - 1,028.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 932.00.
- 2 The target, 887.44 (-4.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 947.50 (+1.7%), cancels the setup.
- 4 Reward : risk is 2.9 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.