PSX · TEXTILE COMPOSITE · 30 Min
CHBL Ascending Triangle forming
Chenab Limited · 22 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 9.23
- ▼ 1.81%
- Upper line
- 9.69
- +5.0%
- Lower line
- 9.18
- -0.5%
- ATR
- 0.18
- 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
CHBL is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 10.9x ATR wide at the start.
Upper line 9.69, lower line 9.18. The pattern favours an upside resolution: a 30-minute close above 9.73 confirms an upside breakout, a close below 9.14 a downside break.
Structure: bullish external, bearish internal (strong low 7.50). Nearest demand OB 7.50 - 7.96, supply OB 9.97 - 10.00.
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 9.69 (+5.0%) would be an upside breakout.
- 3 A 30 min close below 9.18 (-0.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.