PSX · CHEMICAL · 30 Min
LOTCHEM Ascending Triangle forming
Lotte Chemical Pakistan Limited · 06 Nov 2026 · 09:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.52
- ▼ 1.33%
- Upper line
- 25.19
- +2.7%
- Lower line
- 24.18
- -1.4%
- ATR
- 0.20
- 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
LOTCHEM is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 15.6x ATR wide at the start.
Upper line 25.19, lower line 24.18. The pattern favours an upside resolution: a 30-minute close above 25.23 confirms an upside breakout, a close below 24.14 a downside break.
Structure: bearish external, bullish internal (strong high 27.69). Nearest demand OB 24.25 - 24.39, supply OB 25.29 - 25.35.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 25.19 (+2.7%) would be an upside breakout.
- 3 A 30 min close below 24.18 (-1.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.