PSX · PAPER, BOARD & PACKAGING · 1 Hour
PKGS Symmetrical Triangle breakdown
Packages Limited · 29 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 660.00 on the breakout. Target 638.94, invalidation 696.99.
Trade plan
✓ Target hit- Close
- 660.00
- ▼ 1.93%
- Target
- 638.94
- -3.2%
- Invalidation
- 696.99
- +5.6%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 7.60
- Price now
- 630.00 -4.6%
- Resolved
- 30 Oct · 09:30
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
PKGS broke below its symmetrical triangle on the hourly close at 660.00.
Projected target 638.94 (-3.2%). The pattern is invalidated beyond 696.99 (+5.6%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 848.00). Nearest supply OB 710.00 - 715.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 660.00.
- 2 The target, 638.94 (-3.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 696.99 (+5.6%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.