PSX · TEXTILE COMPOSITE · 30 Min
TOWL Descending Triangle breakout
Towellers Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 126.79 on the breakout. Target 136.46, invalidation 121.10.
Trade plan
● Active- Close
- 126.79
- ▲ 1.43%
- Target
- 136.46
- +7.6%
- Invalidation
- 121.10
- -4.5%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.80
- Price now
- 131.95 +4.1%
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
TOWL broke above its descending triangle on the 30-minute close at 126.79.
Projected target 136.46 (+7.6%). The pattern is invalidated beyond 121.10 (-4.5%), a reward-to-risk of about 1.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 113.00). Nearest demand OB 120.00 - 120.01, supply OB 152.26 - 157.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 126.79.
- 2 The target, 136.46 (+7.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 121.10 (-4.5%), cancels the setup.
- 4 Reward : risk is 1.7 : 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).