PSX · TEXTILE SPINNING · 30 Min
ARCTM Descending Triangle breakout
Arctic Textile Mills Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 74.00 on the breakout. Target 82.01, invalidation 70.01.
Trade plan
- Close
- 74.00
- ▲ 0.67%
- Target
- 82.01
- +10.8%
- Invalidation
- 70.01
- -5.4%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 1.55
- 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
ARCTM broke above its descending triangle on the 30-minute close at 74.00.
Projected target 82.01 (+10.8%). The pattern is invalidated beyond 70.01 (-5.4%), 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, bullish internal (strong low 33.25). Nearest demand OB 50.00 - 52.70.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 74.00.
- 2 The target, 82.01 (+10.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 70.01 (-5.4%), 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).