PSX · MODARABAS · 30 Min
FPRM Descending Triangle forming
First Paramount Modaraba · 30 Oct 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 11.69
- ▲ 2.54%
- Upper line
- 12.63
- +8.0%
- Lower line
- 11.05
- -5.5%
- ATR
- 0.41
- 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
FPRM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.0x ATR wide at the start.
Upper line 12.63, lower line 11.05. The pattern favours a downside resolution: a 30-minute close above 12.71 confirms an upside breakout, a close below 10.97 a downside break.
Structure: bullish external, bearish internal (strong low 10.51). Nearest demand OB 10.25 - 10.40, supply OB 11.70 - 12.49.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 12.63 (+8.0%) would be an upside breakout.
- 3 A 30 min close below 11.05 (-5.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).