PSX · TEXTILE SPINNING · 1 Hour
AMTEX Descending Triangle breakdown
Amtex Limited · 23 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 3.84 on the breakout. Target 3.40, invalidation 4.07.
Trade plan
● Active- Close
- 3.84
- ▼ 0.52%
- Target
- 3.40
- -11.5%
- Invalidation
- 4.07
- +6.0%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.09
- Price now
- 3.88 +1.0%
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
AMTEX broke below its descending triangle on the hourly close at 3.84.
Projected target 3.40 (-11.5%). The pattern is invalidated beyond 4.07 (+6.0%), a reward-to-risk of about 1.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 5.94). Nearest supply OB 4.47 - 4.53.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 3.84.
- 2 The target, 3.40 (-11.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4.07 (+6.0%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).