PSX · COMMERCIAL BANKS · 30 Min
MCB Ascending Triangle forming
MCB Bank Limited · 03 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 396.00
- ▲ 1.51%
- Upper line
- 399.99
- +1.0%
- Lower line
- 383.91
- -3.1%
- ATR
- 4.29
- 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
MCB is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 6.7x ATR wide at the start.
Upper line 399.99, lower line 383.91. The pattern favours an upside resolution: a 30-minute close above 400.85 confirms an upside breakout, a close below 383.05 a downside break.
Structure: bearish external, bearish internal (strong high 405.00). Nearest demand OB 374.51 - 376.79, supply OB 423.00 - 424.50.
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 399.99 (+1.0%) would be an upside breakout.
- 3 A 30 min close below 383.91 (-3.1%) 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.