PSX · TEXTILE COMPOSITE · 30 Min
TOWL Descending Triangle breakout
Towellers Limited · 28 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 123.75 on the breakout. Target 138.81, invalidation 119.25.
Trade plan
● Active- Close
- 123.75
- ▲ 2.25%
- Target
- 138.81
- +12.2%
- Invalidation
- 119.25
- -3.6%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 1.70
- Price now
- 123.75 0.0%
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
TOWL broke above its descending triangle on the 30-minute close at 123.75.
Projected target 138.81 (+12.2%). The pattern is invalidated beyond 119.25 (-3.6%), a reward-to-risk of about 3.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 113.00). Nearest demand OB 111.02 - 112.00, supply OB 128.25 - 130.68.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 123.75.
- 2 The target, 138.81 (+12.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 119.25 (-3.6%), cancels the setup.
- 4 Reward : risk is 3.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).