PSX · TEXTILE SPINNING · 1 Hour
KOHTM Descending Triangle breakout
Kohat Textile Mills Limited · 29 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 98.48 on the breakout. Target 131.70, invalidation 88.00.
Trade plan
● Active- Close
- 98.48
- ▲ 8.22%
- Target
- 131.70
- +33.7%
- Invalidation
- 88.00
- -10.6%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 2.72
- Price now
- 97.28 -1.2%
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
KOHTM broke above its descending triangle on the hourly close at 98.48.
Projected target 131.70 (+33.7%). The pattern is invalidated beyond 88.00 (-10.6%), 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: bearish external, bullish internal (strong high 210.00). Nearest demand OB 89.01 - 92.95, supply OB 118.12 - 121.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 98.48.
- 2 The target, 131.70 (+33.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 88.00 (-10.6%), cancels the setup.
- 4 Reward : risk is 3.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).