PSX · INSURANCE · 30 Min
IGIL Symmetrical Triangle breakout
IGI Life Insurance Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 20.90 on the breakout. Target 22.73, invalidation 18.20.
Trade plan
✕ Invalidated- Close
- 20.90
- ▲ 8.29%
- Target
- 22.73
- +8.8%
- Invalidation
- 18.20
- -12.9%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.49
- Price now
- 18.62 -10.9%
- Resolved
- 06 Nov · 15:00
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
IGIL broke above its symmetrical triangle on the 30-minute close at 20.90.
Projected target 22.73 (+8.8%). The pattern is invalidated beyond 18.20 (-12.9%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 23.65). Nearest demand OB 18.61 - 19.79.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 20.90.
- 2 The target, 22.73 (+8.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.20 (-12.9%), cancels the setup.
- 4 Reward : risk is 0.7 : 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.