PSX · PAPER, BOARD & PACKAGING · 1 Hour
SPEL Ascending Triangle breakout
SPEL Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 48.11 on the breakout. Target 48.95, invalidation 42.75.
Trade plan
● Active- Close
- 48.11
- ▲ 9.94%
- Target
- 48.95
- +1.7%
- Invalidation
- 42.75
- -11.1%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 0.84
- Price now
- 48.11 0.0%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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 1 Hour candles · click to enlarge
The breakdown
SPEL broke above its ascending triangle on the hourly close at 48.11.
Projected target 48.95 (+1.7%). The pattern is invalidated beyond 42.75 (-11.1%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 67.30). Nearest demand OB 42.75 - 42.97, supply OB 50.50 - 51.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 48.11.
- 2 The target, 48.95 (+1.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 42.75 (-11.1%), cancels the setup.
- 4 Reward : risk is 0.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.