PSX · MISCELLANEOUS · 30 Min
STPL Descending Triangle breakout
Siddiqsons Tin Plate Limited · 04 Nov 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 7.42 on the breakout. Target 7.72, invalidation 7.16.
Trade plan
● Active- Close
- 7.42
- ▲ 0.95%
- Target
- 7.72
- +4.0%
- Invalidation
- 7.16
- -3.5%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.08
- Price now
- 7.49 +0.9%
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
STPL broke above its descending triangle on the 30-minute close at 7.42.
Projected target 7.72 (+4.0%). The pattern is invalidated beyond 7.16 (-3.5%), a reward-to-risk of about 1.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 8.16). Nearest supply OB 7.82 - 7.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 7.42.
- 2 The target, 7.72 (+4.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.16 (-3.5%), cancels the setup.
- 4 Reward : risk is 1.2 : 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).