PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HWQS Descending Triangle breakdown
Haseeb Waqas Sugar Mills Limited · 23 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 17.35 on the breakout. Target 15.52, invalidation 18.96.
Trade plan
● Active- Close
- 17.35
- ▼ 3.34%
- Target
- 15.52
- -10.5%
- Invalidation
- 18.96
- +9.3%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.37
- Price now
- 17.60 +1.4%
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
HWQS broke below its descending triangle on the 30-minute close at 17.35.
Projected target 15.52 (-10.5%). The pattern is invalidated beyond 18.96 (+9.3%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 16.44). Nearest demand OB 15.50 - 15.90, supply OB 26.66 - 27.71.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 17.35.
- 2 The target, 15.52 (-10.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.96 (+9.3%), cancels the setup.
- 4 Reward : risk is 1.1 : 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).