PSX · TEXTILE COMPOSITE · 1 Hour
ILP Ascending Triangle breakout
Interloop Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 99.32 on the breakout. Target 103.68, invalidation 94.50.
Trade plan
✓ Target hit- Close
- 99.32
- ▲ 1.36%
- Target
- 103.68
- +4.4%
- Invalidation
- 94.50
- -4.9%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 1.64
- Price now
- 105.21 +5.9%
- Resolved
- 10 Nov · 10:30
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 99.32.
Projected target 103.68 (+4.4%). The pattern is invalidated beyond 94.50 (-4.9%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 68.16). Nearest demand OB 90.96 - 91.78, supply OB 100.11 - 102.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 99.32.
- 2 The target, 103.68 (+4.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 94.50 (-4.9%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.