PSX · JUTE · 30 Min
CJPL Descending Triangle breakdown
Crescent Jute Products Limited · 23 Oct 2026 · 16:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 14.02 on the breakout. Target 13.42, invalidation 15.60.
Trade plan
● Active- Close
- 14.02
- ▼ 3.31%
- Target
- 13.42
- -4.3%
- Invalidation
- 15.60
- +11.3%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.28
- Price now
- 14.02 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
CJPL broke below its descending triangle on the 30-minute close at 14.02.
Projected target 13.42 (-4.3%). The pattern is invalidated beyond 15.60 (+11.3%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 16.70). Nearest demand OB 13.00 - 13.40, supply OB 14.45 - 15.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 14.02.
- 2 The target, 13.42 (-4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.60 (+11.3%), cancels the setup.
- 4 Reward : risk is 0.4 : 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).