PSX · COMMERCIAL BANKS · 1 Hour
MCB Ascending Triangle breakout
MCB Bank Limited · 05 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 401.50 on the breakout. Target 410.38, invalidation 383.50.
Trade plan
✓ Target hit- Close
- 401.50
- ▲ 0.36%
- Target
- 410.38
- +2.2%
- Invalidation
- 383.50
- -4.5%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 4.21
- Price now
- 410.90 +2.3%
- Resolved
- 10 Nov · 13:30
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
MCB broke above its ascending triangle on the hourly close at 401.50.
Projected target 410.38 (+2.2%). The pattern is invalidated beyond 383.50 (-4.5%), 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: bearish external, bullish internal (strong high 452.00). Nearest demand OB 392.50 - 394.60, supply OB 421.80 - 424.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 401.50.
- 2 The target, 410.38 (+2.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 383.50 (-4.5%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.