PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
AGSML Descending Triangle breakout
Abdullah Shah Ghazi Sugar Mills Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.00 on the breakout. Target 9.69, invalidation 8.65.
Trade plan
- Close
- 9.00
- ▲ 1.24%
- Target
- 9.69
- +7.7%
- Invalidation
- 8.65
- -3.9%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.11
- 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 30 Min candles · click to enlarge
The breakdown
AGSML broke above its descending triangle on the 30-minute close at 9.00.
Projected target 9.69 (+7.7%). The pattern is invalidated beyond 8.65 (-3.9%), a reward-to-risk of about 2.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 7.90). Nearest bullish FVG 8.93 - 9.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.00.
- 2 The target, 9.69 (+7.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.65 (-3.9%), cancels the setup.
- 4 Reward : risk is 2.0 : 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).