PSX · TEXTILE WEAVING · 1 Hour
ICCI Ascending Triangle breakdown
ICC Industries Limited · 05 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 15.78 on the breakout. Target 11.88, invalidation 17.00.
Trade plan
● Active- Close
- 15.78
- ▲ 2.53%
- Target
- 11.88
- -24.7%
- Invalidation
- 17.00
- +7.7%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 0.61
- Price now
- 15.78 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
ICCI broke below its ascending triangle on the hourly close at 15.78.
Projected target 11.88 (-24.7%). The pattern is invalidated beyond 17.00 (+7.7%), a reward-to-risk of about 3.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 12.05). Nearest demand OB 8.90 - 9.60, supply OB 16.01 - 16.49.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 15.78.
- 2 The target, 11.88 (-24.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 17.00 (+7.7%), cancels the setup.
- 4 Reward : risk is 3.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.