PSX · CABLE & ELECTRICAL GOODS · 30 Min
PAEL Descending Triangle breakout
Pak Elektron Limited · 04 Nov 2026 · 13:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 32.49 on the breakout. Target 33.49, invalidation 31.85.
Trade plan
● Active- Close
- 32.49
- ▲ 0.43%
- Target
- 33.49
- +3.1%
- Invalidation
- 31.85
- -2.0%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.31
- Price now
- 33.10 +1.9%
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
PAEL broke above its descending triangle on the 30-minute close at 32.49.
Projected target 33.49 (+3.1%). The pattern is invalidated beyond 31.85 (-2.0%), 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: bearish external, bullish internal (strong high 34.59). Nearest supply OB 33.50 - 33.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 32.49.
- 2 The target, 33.49 (+3.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 31.85 (-2.0%), cancels the setup.
- 4 Reward : risk is 1.6 : 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).