PSX · MISCELLANEOUS · 1 Hour
UBDL Descending Triangle forming
United Brands Limited · 22 Oct 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 23.65
- ▼ 1.46%
- Upper line
- 26.06
- +10.2%
- Lower line
- 22.95
- -3.0%
- ATR
- 0.70
- 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
UBDL is compressing inside a descending triangle on the hourly chart - 5 swing points, 8.9x ATR wide at the start.
Upper line 26.06, lower line 22.95. The pattern favours a downside resolution: a hourly close above 26.20 confirms an upside breakout, a close below 22.81 a downside break.
Structure: bearish external, bearish internal (strong high 26.90). Nearest demand OB 21.50 - 22.10.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 26.06 (+10.2%) would be an upside breakout.
- 3 A 1 hour close below 22.95 (-3.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).