PSX · TEXTILE COMPOSITE · 1 Hour
ILP Ascending Triangle breakout
Interloop Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 100.00 on the breakout. Target 102.54, invalidation 94.50.
Trade plan
✓ Target hit- Close
- 100.00
- ▲ 2.27%
- Target
- 102.54
- +2.5%
- Invalidation
- 94.50
- -5.5%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 1.29
- Price now
- 105.21 +5.2%
- Resolved
- 10 Nov · 09:30
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
ILP broke above its ascending triangle on the hourly close at 100.00.
Projected target 102.54 (+2.5%). The pattern is invalidated beyond 94.50 (-5.5%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 68.16). Nearest demand OB 95.90 - 96.44, supply OB 106.49 - 107.40.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 100.00.
- 2 The target, 102.54 (+2.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 94.50 (-5.5%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.