PSX · TEXTILE SPINNING · 30 Min
DFSM Ascending Triangle breakdown
Dewan Farooque Spinning Mills Limited · 22 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 14.65 on the breakout. Target 14.12, invalidation 15.70.
Trade plan
● Active- Close
- 14.65
- ▼ 1.21%
- Target
- 14.12
- -3.6%
- Invalidation
- 15.70
- +7.2%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.28
- Price now
- 14.65 0.0%
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
DFSM broke below its ascending triangle on the 30-minute close at 14.65.
Projected target 14.12 (-3.6%). The pattern is invalidated beyond 15.70 (+7.2%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 The breakout was confirmed by the 30 min candle closing below the pattern at 14.65.
- 2 The target, 14.12 (-3.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.70 (+7.2%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.