PSX · MODARABAS · Daily
FANM Descending Triangle breakout
First Al-Noor Modaraba · 05 Nov 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 11.68 on the breakout. Target 13.06, invalidation 8.50.
Trade plan
- Close
- 11.68
- ▲ 9.98%
- Target
- 13.06
- +11.8%
- Invalidation
- 8.50
- -27.2%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.77
- 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
FANM broke above its descending triangle on the daily close at 11.68.
Projected target 13.06 (+11.8%). The pattern is invalidated beyond 8.50 (-27.2%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 4.25). Nearest demand OB 7.18 - 7.49.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 11.68.
- 2 The target, 13.06 (+11.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.50 (-27.2%), cancels the setup.
- 4 Reward : risk is 0.4 : 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).