PSX · TEXTILE SPINNING · 1 Hour
IDRT Ascending Triangle forming
Idrees Textile Mills Limited · 23 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 33.00
- ▼ 5.69%
- Upper line
- 37.21
- +12.8%
- Lower line
- 31.55
- -4.4%
- ATR
- 1.25
- 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
IDRT is compressing inside an ascending triangle on the hourly chart - 5 swing points, 7.8x ATR wide at the start.
Upper line 37.21, lower line 31.55. The pattern favours an upside resolution: a hourly close above 37.46 confirms an upside breakout, a close below 31.30 a downside break.
Structure: bearish external, bullish internal (strong high 68.08). Nearest demand OB 27.97 - 28.50, supply OB 41.20 - 42.05.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 37.21 (+12.8%) would be an upside breakout.
- 3 A 1 hour close below 31.55 (-4.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.