PSX · INSURANCE · Daily
CSIL Descending Triangle forming
Crescent Star Insurance Limited · 05 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 5.63
- ▲ 3.88%
- Upper line
- 5.67
- +0.7%
- Lower line
- 4.89
- -13.1%
- ATR
- 0.31
- 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 Daily candles · click to enlarge
The breakdown
CSIL is compressing inside a descending triangle on the daily chart - 5 swing points, 6.2x ATR wide at the start.
Upper line 5.67, lower line 4.89. The pattern favours a downside resolution: a daily close above 5.73 confirms an upside breakout, a close below 4.83 a downside break.
Structure: bullish external, bullish internal (strong low 0.85). Nearest demand OB 3.26 - 3.78, supply OB 7.91 - 8.80.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 5.67 (+0.7%) would be an upside breakout.
- 3 A daily close below 4.89 (-13.1%) 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).