PSX · REAL ESTATE INVESTMENT TRUST · 30 Min
IREIT Ascending Triangle breakdown
Image Reit · 23 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 7.56 on the breakout. Target 7.60, invalidation 7.75.
Trade plan
✓ Target hit- Close
- 7.56
- ▼ 2.45%
- Target
- 7.60
- +0.5%
- Invalidation
- 7.75
- +2.5%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 0.05
- Price now
- 7.63 +0.9%
- Resolved
- 23 Oct · 10:00
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
IREIT broke below its ascending triangle on the 30-minute close at 7.56.
Projected target 7.60 (+0.5%). The pattern is invalidated beyond 7.75 (+2.5%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 7.85). Nearest supply OB 8.15 - 8.27.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 7.56.
- 2 The target, 7.60 (+0.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.75 (+2.5%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.