PSX · TEXTILE SPINNING · 30 Min
DFSM Ascending Triangle forming
Dewan Farooque Spinning Mills Limited · 22 Oct 2026 · 14:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 14.87
- ▼ 0.54%
- Upper line
- 15.67
- +5.4%
- Lower line
- 14.83
- -0.3%
- ATR
- 0.27
- 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
DFSM is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 7.5x ATR wide at the start.
Upper line 15.67, lower line 14.83. The pattern favours an upside resolution: a 30-minute close above 15.72 confirms an upside breakout, a close below 14.78 a downside break.
Structure: bearish external, bullish internal (strong high 16.33). Nearest demand OB 12.75 - 13.03, supply OB 16.52 - 16.80.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 15.67 (+5.4%) would be an upside breakout.
- 3 A 30 min close below 14.83 (-0.3%) 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.