PSX · COMMERCIAL BANKS · 1 Hour
MCB Ascending Triangle forming
MCB Bank Limited · 04 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 393.60
- ▼ 0.35%
- Upper line
- 400.00
- +1.6%
- Lower line
- 386.70
- -1.8%
- ATR
- 4.38
- 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 1 Hour candles · click to enlarge
The breakdown
MCB is compressing inside an ascending triangle on the hourly chart - 5 swing points, 6.6x ATR wide at the start.
Upper line 400.00, lower line 386.70. The pattern favours an upside resolution: a hourly close above 400.88 confirms an upside breakout, a close below 385.82 a downside break.
Structure: bearish external, bearish internal (strong high 452.00). Nearest demand OB 374.07 - 379.00, supply OB 421.80 - 424.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 400.00 (+1.6%) would be an upside breakout.
- 3 A 1 hour close below 386.70 (-1.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.