PSX · PHARMACEUTICALS · 1 Hour
OTSU Ascending Triangle breakdown
Otsuka Pakistan Limited · 23 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 374.63 on the breakout. Target 353.55, invalidation 382.00.
Trade plan
● Active- Close
- 374.63
- ▼ 1.40%
- Target
- 353.55
- -5.6%
- Invalidation
- 382.00
- +2.0%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 5.89
- Price now
- 373.00 -0.4%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
OTSU broke below its ascending triangle on the hourly close at 374.63.
Projected target 353.55 (-5.6%). The pattern is invalidated beyond 382.00 (+2.0%), a reward-to-risk of about 2.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 456.46). Nearest demand OB 334.00 - 335.00, supply OB 415.00 - 425.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 374.63.
- 2 The target, 353.55 (-5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 382.00 (+2.0%), cancels the setup.
- 4 Reward : risk is 2.9 : 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.