PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
TSPL Symmetrical Triangle breakdown
Tri-Star Power Limited · 23 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 13.25 on the breakout. Target 10.87, invalidation 13.99.
Trade plan
● Active- Close
- 13.25
- ▼ 0.30%
- Target
- 10.87
- -18.0%
- Invalidation
- 13.99
- +5.6%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 0.58
- Price now
- 13.49 +1.8%
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
TSPL broke below its symmetrical triangle on the hourly close at 13.25.
Projected target 10.87 (-18.0%). The pattern is invalidated beyond 13.99 (+5.6%), a reward-to-risk of about 3.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 8.00). Nearest demand OB 12.30 - 12.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 13.25.
- 2 The target, 10.87 (-18.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.99 (+5.6%), cancels the setup.
- 4 Reward : risk is 3.2 : 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.