PSX · INSURANCE · 1 Hour
RICL Descending Triangle breakout
Reliance Insurance Company Limited · 06 Nov 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 11.68 on the breakout. Target 12.23, invalidation 10.88.
Trade plan
● Active- Close
- 11.68
- ▲ 4.85%
- Target
- 12.23
- +4.7%
- Invalidation
- 10.88
- -6.8%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.27
- Price now
- 11.89 +1.8%
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
RICL broke above its descending triangle on the hourly close at 11.68.
Projected target 12.23 (+4.7%). The pattern is invalidated beyond 10.88 (-6.8%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 10.11). Nearest supply OB 11.90 - 12.10.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 11.68.
- 2 The target, 12.23 (+4.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 10.88 (-6.8%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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).