PSX · COMMERCIAL BANKS · 30 Min
MEBL Symmetrical Triangle breakdown
Meezan Bank Limited · 23 Oct 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 542.60 on the breakout. Target 538.32, invalidation 551.00.
Trade plan
✓ Target hit- Close
- 542.60
- ▼ 0.46%
- Target
- 538.32
- -0.8%
- Invalidation
- 551.00
- +1.5%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 2.07
- Price now
- 533.90 -1.6%
- Resolved
- 23 Oct · 11:30
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
MEBL broke below its symmetrical triangle on the 30-minute close at 542.60.
Projected target 538.32 (-0.8%). The pattern is invalidated beyond 551.00 (+1.5%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 525.00). Nearest demand OB 527.00 - 534.80, supply OB 577.50 - 582.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 542.60.
- 2 The target, 538.32 (-0.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 551.00 (+1.5%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.