PSX · CABLE & ELECTRICAL GOODS · 30 Min
PAEL Descending Triangle forming
Pak Elektron Limited · 04 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 32.29
- ▲ 1.16%
- Upper line
- 32.47
- +0.6%
- Lower line
- 31.74
- -1.7%
- ATR
- 0.23
- 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
PAEL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 11.1x ATR wide at the start.
Upper line 32.47, lower line 31.74. The pattern favours a downside resolution: a 30-minute close above 32.52 confirms an upside breakout, a close below 31.69 a downside break.
Structure: bearish external, bullish internal (strong high 34.59). Nearest supply OB 33.50 - 33.80.
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 32.47 (+0.6%) would be an upside breakout.
- 3 A 30 min close below 31.74 (-1.7%) 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).