PSX · PAPER, BOARD & PACKAGING · 30 Min
SEPL Descending Triangle forming
Security Papers Limited · 04 Nov 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 124.74
- ▼ 0.05%
- Upper line
- 124.65
- -0.1%
- Lower line
- 119.91
- -3.9%
- ATR
- 1.58
- 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
SEPL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.8x ATR wide at the start.
Upper line 124.65, lower line 119.91. The pattern favours a downside resolution: a 30-minute close above 124.97 confirms an upside breakout, a close below 119.59 a downside break.
Structure: bearish external, bearish internal (strong high 134.50). Nearest supply OB 147.51 - 149.99.
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 124.65 (-0.1%) would be an upside breakout.
- 3 A 30 min close below 119.91 (-3.9%) 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).