PSX · PHARMACEUTICALS · 30 Min
IBLHL Descending Triangle breakdown
IBL HealthCare Limited · 23 Oct 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 39.10 on the breakout. Target 39.12, invalidation 41.99.
Trade plan
● Active- Close
- 39.10
- ▼ 2.62%
- Target
- 39.12
- +0.1%
- Invalidation
- 41.99
- +7.4%
RiskReward
- Reward : risk
- 0.0 : 1
- ATR
- 0.44
- Price now
- 39.59 +1.3%
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
IBLHL broke below its descending triangle on the 30-minute close at 39.10.
Projected target 39.12 (+0.1%). The pattern is invalidated beyond 41.99 (+7.4%), a reward-to-risk of about 0.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 49.50). Nearest supply OB 48.11 - 48.64.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 39.10.
- 2 The target, 39.12 (+0.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 41.99 (+7.4%), cancels the setup.
- 4 Reward : risk is 0.0 : 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).