PSX · CHEMICAL · 30 Min
DOL Ascending Triangle breakdown
Descon Oxychem Limited · 06 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 30.00 on the breakout. Target 28.59, invalidation 30.73.
Trade plan
● Active- Close
- 30.00
- ▼ 1.64%
- Target
- 28.59
- -4.7%
- Invalidation
- 30.73
- +2.4%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.30
- Price now
- 30.48 +1.6%
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
DOL broke below its ascending triangle on the 30-minute close at 30.00.
Projected target 28.59 (-4.7%). The pattern is invalidated beyond 30.73 (+2.4%), a reward-to-risk of about 1.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 32.20). Nearest demand OB 27.00 - 28.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 30.00.
- 2 The target, 28.59 (-4.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 30.73 (+2.4%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.