PSX · EXCHANGE TRADED FUNDS · Daily
JSGBETF Descending Triangle breakout
JS Global Banking Sector(ETF) · 05 Nov 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 40.68 on the breakout. Target 42.95, invalidation 36.88.
Trade plan
- Close
- 40.68
- ▲ 2.99%
- Target
- 42.95
- +5.6%
- Invalidation
- 36.88
- -9.3%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 0.94
- 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
JSGBETF broke above its descending triangle on the daily close at 40.68.
Projected target 42.95 (+5.6%). The pattern is invalidated beyond 36.88 (-9.3%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 18.30). Nearest demand OB 32.00 - 34.00, supply OB 45.41 - 47.35.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 40.68.
- 2 The target, 42.95 (+5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 36.88 (-9.3%), cancels the setup.
- 4 Reward : risk is 0.6 : 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).