PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
ASC Descending Triangle breakout
Al Shaheer Corporation Limited · 22 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 7.80 on the breakout. Target 8.70, invalidation 7.70.
Trade plan
✕ Invalidated- Close
- 7.80
- ▼ 0.76%
- Target
- 8.70
- +11.5%
- Invalidation
- 7.70
- -1.3%
RiskReward
- Reward : risk
- 9.0 : 1
- ATR
- 0.12
- Price now
- 7.75 -0.6%
- Resolved
- 22 Oct · 11:00
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
ASC broke above its descending triangle on the 30-minute close at 7.80.
Projected target 8.70 (+11.5%). The pattern is invalidated beyond 7.70 (-1.3%), a reward-to-risk of about 9.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 9.18). Nearest supply OB 9.20 - 9.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 7.80.
- 2 The target, 8.70 (+11.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.70 (-1.3%), cancels the setup.
- 4 Reward : risk is 9.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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).