PSX · ENGINEERING · 30 Min
ASL Descending Triangle breakout
Aisha Steel Mills Limited · 04 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 13.62 on the breakout. Target 14.75, invalidation 13.25.
Trade plan
● Active- Close
- 13.62
- ▼ 0.29%
- Target
- 14.75
- +8.3%
- Invalidation
- 13.25
- -2.7%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.15
- Price now
- 13.65 +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
ASL broke above its descending triangle on the 30-minute close at 13.62.
Projected target 14.75 (+8.3%). The pattern is invalidated beyond 13.25 (-2.7%), a reward-to-risk of about 3.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 16.25). Nearest demand OB 12.60 - 12.82, supply OB 14.25 - 14.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 13.62.
- 2 The target, 14.75 (+8.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.25 (-2.7%), cancels the setup.
- 4 Reward : risk is 3.1 : 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).