PSX · TEXTILE COMPOSITE · 1 Hour
KOIL Symmetrical Triangle forming
Kohinoor Industries Limited · 19 Oct 2026 · 10:30 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 40.68
- ▲ 4.31%
- Upper line
- 40.63
- -0.1%
- Lower line
- 37.36
- -8.2%
- ATR
- 1.34
- 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
KOIL is compressing inside a symmetrical triangle on the hourly chart - 5 swing points, 15.4x ATR wide at the start.
Upper line 40.63, lower line 37.36. The pattern has no built-in bias: a hourly close above 40.90 confirms an upside breakout, a close below 37.09 a downside break.
Structure: bearish external, bearish internal (strong high 42.71). Nearest demand OB 34.50 - 34.69, supply OB 49.60 - 50.30.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 40.63 (-0.1%) would be an upside breakout.
- 3 A 1 hour close below 37.36 (-8.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.