PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
QTECH Descending Triangle forming
Quantum Data Technologies Limited · 06 Nov 2026 · 08:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 34.00
- ▼ 0.73%
- Upper line
- 35.13
- +3.3%
- Lower line
- 32.82
- -3.5%
- ATR
- 0.50
- 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
QTECH is compressing inside a descending triangle on the hourly chart - 5 swing points, 13.4x ATR wide at the start.
Upper line 35.13, lower line 32.82. The pattern favours a downside resolution: a hourly close above 35.23 confirms an upside breakout, a close below 32.72 a downside break.
Structure: bullish external, bullish internal (strong low 28.51). Nearest supply OB 37.00 - 37.68.
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 35.13 (+3.3%) would be an upside breakout.
- 3 A 1 hour close below 32.82 (-3.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).