PSX · TEXTILE SPINNING · 1 Hour
KOSM Symmetrical Triangle breakdown
Kohinoor Spinning Mills Limited · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 5.31 on the breakout. Target 5.08, invalidation 5.65.
Trade plan
● Active- Close
- 5.31
- ▼ 0.75%
- Target
- 5.08
- -4.3%
- Invalidation
- 5.65
- +6.4%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.08
- Price now
- 5.31 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
KOSM broke below its symmetrical triangle on the hourly close at 5.31.
Projected target 5.08 (-4.3%). The pattern is invalidated beyond 5.65 (+6.4%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 7.29). Nearest demand OB 4.95 - 5.04, supply OB 6.44 - 6.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 5.31.
- 2 The target, 5.08 (-4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.65 (+6.4%), cancels the setup.
- 4 Reward : risk is 0.7 : 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.