PSX · TEXTILE COMPOSITE · 1 Hour
PASM Ascending Triangle breakdown
Paramount Spinning Mills Limited · 06 Nov 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 9.25 on the breakout. Target 7.52, invalidation 10.70.
Trade plan
● Active- Close
- 9.25
- ▼ 6.57%
- Target
- 7.52
- -18.7%
- Invalidation
- 10.70
- +15.7%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.48
- Price now
- 9.87 +6.7%
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
PASM broke below its ascending triangle on the hourly close at 9.25.
Projected target 7.52 (-18.7%). The pattern is invalidated beyond 10.70 (+15.7%), a reward-to-risk of about 1.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 6.11). Nearest demand OB 8.07 - 8.93, supply OB 9.81 - 10.19.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 9.25.
- 2 The target, 7.52 (-18.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 10.70 (+15.7%), cancels the setup.
- 4 Reward : risk is 1.2 : 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.