PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
THALL Descending Triangle breakout
Thal Limited · 03 Nov 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 504.99 on the breakout. Target 510.88, invalidation 492.00.
Trade plan
● Active- Close
- 504.99
- ▲ 1.00%
- Target
- 510.88
- +1.2%
- Invalidation
- 492.00
- -2.6%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 3.01
- Price now
- 503.99 -0.2%
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
THALL broke above its descending triangle on the 30-minute close at 504.99.
Projected target 510.88 (+1.2%). The pattern is invalidated beyond 492.00 (-2.6%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 535.48). Nearest demand OB 496.00 - 498.89, supply OB 519.99 - 520.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 504.99.
- 2 The target, 510.88 (+1.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 492.00 (-2.6%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).