PSX · ENGINEERING · 1 Hour
BCL Symmetrical Triangle breakout
Bolan Castings Limited · 06 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 75.45 on the breakout. Target 90.67, invalidation 70.55.
Trade plan
● Active- Close
- 75.45
- ▲ 2.64%
- Target
- 90.67
- +20.2%
- Invalidation
- 70.55
- -6.5%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 1.57
- Price now
- 75.45 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
BCL broke above its symmetrical triangle on the hourly close at 75.45.
Projected target 90.67 (+20.2%). The pattern is invalidated beyond 70.55 (-6.5%), 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: bullish external, bearish internal (strong low 56.02). Nearest demand OB 63.25 - 66.00, supply OB 88.00 - 92.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 75.45.
- 2 The target, 90.67 (+20.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 70.55 (-6.5%), cancels the setup.
- 4 Reward : risk is 3.1 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.