PSX · TEXTILE WEAVING · 1 Hour
ASHT Descending Triangle breakout
Ashfaq Textile Mills Limited · 10 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 39.80 on the breakout. Target 46.06, invalidation 36.10.
Trade plan
● Active- Close
- 39.80
- ▲ 1.53%
- Target
- 46.06
- +15.7%
- Invalidation
- 36.10
- -9.3%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 1.06
- Price now
- 38.24 -3.9%
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
ASHT broke above its descending triangle on the hourly close at 39.80.
Projected target 46.06 (+15.7%). The pattern is invalidated beyond 36.10 (-9.3%), 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: bearish external, bullish internal (strong high 70.00). Nearest demand OB 22.00 - 23.52, supply OB 54.20 - 57.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 39.80.
- 2 The target, 46.06 (+15.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 36.10 (-9.3%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).