PSX · COMMERCIAL BANKS · 1 Hour
SNBL Descending Triangle breakdown
Soneri Bank Limited · 23 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 18.70 on the breakout. Target 18.30, invalidation 19.55.
Trade plan
● Active- Close
- 18.70
- ▼ 0.53%
- Target
- 18.30
- -2.1%
- Invalidation
- 19.55
- +4.5%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.16
- Price now
- 18.40 -1.6%
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
SNBL broke below its descending triangle on the hourly close at 18.70.
Projected target 18.30 (-2.1%). The pattern is invalidated beyond 19.55 (+4.5%), 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: bearish external, bearish internal (strong high 29.80). Nearest supply OB 18.90 - 19.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 18.70.
- 2 The target, 18.30 (-2.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.55 (+4.5%), cancels the setup.
- 4 Reward : risk is 0.5 : 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).