PSX · TEXTILE COMPOSITE · 30 Min
FML Ascending Triangle breakdown
Feroze1888 Mills Limited · 19 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 44.00 on the breakout. Target 42.22, invalidation 45.89.
Trade plan
● Active- Close
- 44.00
- ▼ 3.19%
- Target
- 42.22
- -4.0%
- Invalidation
- 45.89
- +4.3%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.65
- Price now
- 44.00 0.0%
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
FML broke below its ascending triangle on the 30-minute close at 44.00.
Projected target 42.22 (-4.0%). The pattern is invalidated beyond 45.89 (+4.3%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 69.80). Nearest demand OB 41.50 - 42.00, supply OB 56.50 - 57.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 44.00.
- 2 The target, 42.22 (-4.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 45.89 (+4.3%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.