PSX · TEXTILE COMPOSITE · 1 Hour
TOWL Descending Triangle breakout
Towellers Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 129.70 on the breakout. Target 136.51, invalidation 121.10.
Trade plan
● Active- Close
- 129.70
- ▲ 3.76%
- Target
- 136.51
- +5.3%
- Invalidation
- 121.10
- -6.6%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 2.80
- Price now
- 131.95 +1.7%
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
TOWL broke above its descending triangle on the hourly close at 129.70.
Projected target 136.51 (+5.3%). The pattern is invalidated beyond 121.10 (-6.6%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 92.50). Nearest demand OB 99.00 - 99.50, supply OB 146.16 - 154.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 129.70.
- 2 The target, 136.51 (+5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 121.10 (-6.6%), cancels the setup.
- 4 Reward : risk is 0.8 : 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).