PSX · CHEMICAL · 1 Hour
LOTCHEM Ascending Triangle forming
Lotte Chemical Pakistan Limited · 06 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 24.35
- ▼ 0.69%
- Upper line
- 25.20
- +3.5%
- Lower line
- 24.23
- -0.5%
- ATR
- 0.31
- 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
LOTCHEM is compressing inside an ascending triangle on the hourly chart - 5 swing points, 10.2x ATR wide at the start.
Upper line 25.20, lower line 24.23. The pattern favours an upside resolution: a hourly close above 25.26 confirms an upside breakout, a close below 24.17 a downside break.
Structure: bearish external, bullish internal (strong high 34.30). Nearest demand OB 23.71 - 23.97, supply OB 26.20 - 26.48.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 25.20 (+3.5%) would be an upside breakout.
- 3 A 1 hour close below 24.23 (-0.5%) 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.