PSX · CHEMICAL · 30 Min
PAKOXY Descending Triangle breakout
Pakistan Oxygen Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 360.00 on the breakout. Target 384.00, invalidation 345.00.
Trade plan
● Active- Close
- 360.00
- ▲ 3.75%
- Target
- 384.00
- +6.7%
- Invalidation
- 345.00
- -4.2%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 3.81
- Price now
- 354.97 -1.4%
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
PAKOXY broke above its descending triangle on the 30-minute close at 360.00.
Projected target 384.00 (+6.7%). The pattern is invalidated beyond 345.00 (-4.2%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 329.89). Nearest demand OB 270.00 - 270.60.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 360.00.
- 2 The target, 384.00 (+6.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 345.00 (-4.2%), cancels the setup.
- 4 Reward : risk is 1.6 : 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).