PSX · CEMENT · 30 Min
FLYNG Descending Triangle breakout
Flying Cement Company Limited · 23 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 31.57 on the breakout. Target 34.62, invalidation 32.00.
Trade plan
✕ Invalidated- Close
- 31.57
- ▲ 1.81%
- Target
- 34.62
- +9.7%
- Invalidation
- 32.00
- +1.4%
RiskReward
- Reward : risk
- 7.1 : 1
- ATR
- 0.50
- Price now
- 31.67 +0.3%
- Resolved
- 23 Oct · 10:30
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
FLYNG broke above its descending triangle on the 30-minute close at 31.57.
Projected target 34.62 (+9.7%). The pattern is invalidated beyond 32.00 (+1.4%), a reward-to-risk of about 7.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 37.00). Nearest supply OB 39.01 - 40.40.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 31.57.
- 2 The target, 34.62 (+9.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.00 (+1.4%), cancels the setup.
- 4 Reward : risk is 7.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).