PSX · CEMENT · 30 Min
FLYNG Descending Triangle breakout
Flying Cement Company Limited · 22 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 32.00 on the breakout. Target 34.66, invalidation 32.00.
Trade plan
● Active- Close
- 32.00
- ▼ 0.62%
- Target
- 34.66
- +8.3%
- Invalidation
- 32.00
- 0.0%
RiskReward
- ATR
- 0.36
- Price now
- 32.10 +0.3%
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
FLYNG broke above its descending triangle on the 30-minute close at 32.00.
Projected target 34.66 (+8.3%). The pattern is invalidated beyond 32.00 (+0.0%), a reward-to-risk of about 0.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 46.10). Nearest supply OB 32.19 - 32.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 32.00.
- 2 The target, 34.66 (+8.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.00 (0.0%), cancels the setup.
- 4 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).