PSX · GLASS & CERAMICS · 1 Hour
BGL Descending Triangle breakout
Baluchistan Glass Limited · 06 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 8.89 on the breakout. Target 9.61, invalidation 8.40.
Trade plan
✓ Target hit- Close
- 8.89
- ▲ 3.37%
- Target
- 9.61
- +8.1%
- Invalidation
- 8.40
- -5.5%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.14
- Price now
- 9.61 +8.1%
- Resolved
- 10 Nov · 14:30
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
BGL broke above its descending triangle on the hourly close at 8.89.
Projected target 9.61 (+8.1%). The pattern is invalidated beyond 8.40 (-5.5%), a reward-to-risk of about 1.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 9.00). Nearest supply OB 9.10 - 9.25.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 8.89.
- 2 The target, 9.61 (+8.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.40 (-5.5%), cancels the setup.
- 4 Reward : risk is 1.5 : 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).