PSX · MISCELLANEOUS · 30 Min
GAMON Symmetrical Triangle breakout
Gammon Pakistan Limited · 19 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 18.89 on the breakout. Target 20.40, invalidation 18.02.
Trade plan
● Active- Close
- 18.89
- ▲ 1.83%
- Target
- 20.40
- +8.0%
- Invalidation
- 18.02
- -4.6%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.27
- Price now
- 18.55 -1.8%
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
GAMON broke above its symmetrical triangle on the 30-minute close at 18.89.
Projected target 20.40 (+8.0%). The pattern is invalidated beyond 18.02 (-4.6%), a reward-to-risk of about 1.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 20.38). Nearest demand OB 17.51 - 17.80, supply OB 20.00 - 20.38.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 18.89.
- 2 The target, 20.40 (+8.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.02 (-4.6%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.