PSX · MISCELLANEOUS · 30 Min
MWMP Ascending Triangle breakdown
Mandviwala Mauser Plastic Industries · 06 Nov 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 67.01 on the breakout. Target 63.53, invalidation 69.48.
Trade plan
✕ Invalidated- Close
- 67.01
- ▼ 1.44%
- Target
- 63.53
- -5.2%
- Invalidation
- 69.48
- +3.7%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 0.99
- Price now
- 67.40 +0.6%
- Resolved
- 10 Nov · 09:30
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
MWMP broke below its ascending triangle on the 30-minute close at 67.01.
Projected target 63.53 (-5.2%). The pattern is invalidated beyond 69.48 (+3.7%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 64.00). Nearest demand OB 56.01 - 58.00, supply OB 77.75 - 81.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 67.01.
- 2 The target, 63.53 (-5.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 69.48 (+3.7%), cancels the setup.
- 4 Reward : risk is 1.4 : 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.