PSX · CEMENT · 1 Hour
DCL Ascending Triangle forming
Dewan Cement Limited · 06 Nov 2026 · 08:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 8.90
- ▼ 1.87%
- Upper line
- 9.29
- +4.4%
- Lower line
- 8.80
- -1.1%
- ATR
- 0.22
- 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
DCL is compressing inside an ascending triangle on the hourly chart - 5 swing points, 19.4x ATR wide at the start.
Upper line 9.29, lower line 8.80. The pattern favours an upside resolution: a hourly close above 9.33 confirms an upside breakout, a close below 8.76 a downside break.
Structure: bearish external, bullish internal (strong high 13.45). Nearest demand OB 8.30 - 8.47, supply OB 9.50 - 9.64.
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 9.29 (+4.4%) would be an upside breakout.
- 3 A 1 hour close below 8.80 (-1.1%) 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.