PSX · INSURANCE · 30 Min
UNIC Ascending Triangle forming
The United Insurance Company · 28 Oct 2026 · 13:00 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 11.10
- ▼ 0.72%
- Upper line
- 11.40
- +2.7%
- Lower line
- 11.00
- -0.9%
- ATR
- 0.09
- 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
UNIC is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 7.7x ATR wide at the start.
Upper line 11.40, lower line 11.00. The pattern favours an upside resolution: a 30-minute close above 11.42 confirms an upside breakout, a close below 10.98 a downside break.
Structure: bullish external, bullish internal (strong low 10.67). Nearest demand OB 10.80 - 10.83, supply OB 11.99 - 12.14.
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 11.40 (+2.7%) would be an upside breakout.
- 3 A 30 min close below 11.00 (-0.9%) 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.