PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
BELA Ascending Triangle breakdown
Bela Automotives Limited · 30 Oct 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 60.13 on the breakout. Target 55.80, invalidation 67.20.
Trade plan
● Active- Close
- 60.13
- ▼ 7.48%
- Target
- 55.80
- -7.2%
- Invalidation
- 67.20
- +11.8%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 2.10
- Price now
- 64.40 +7.1%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
BELA broke below its ascending triangle on the 30-minute close at 60.13.
Projected target 55.80 (-7.2%). The pattern is invalidated beyond 67.20 (+11.8%), 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 80.58). Nearest supply OB 89.99 - 90.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 60.13.
- 2 The target, 55.80 (-7.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 67.20 (+11.8%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.