PSX · TEXTILE SPINNING · 1 Hour
DWTM Symmetrical Triangle forming
Dewan Textile Mills Limited · 12 Nov 2026 · 09:30 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 9.97
- ▼ 0.40%
- Upper line
- 10.50
- +5.3%
- Lower line
- 9.53
- -4.4%
- ATR
- 0.43
- 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
DWTM is compressing inside a symmetrical triangle on the hourly chart - 5 swing points, 7.6x ATR wide at the start.
Upper line 10.50, lower line 9.53. The pattern has no built-in bias: a hourly close above 10.59 confirms an upside breakout, a close below 9.44 a downside break.
Structure: bullish external, bullish internal (strong low 6.60). Nearest supply OB 10.90 - 11.64.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 10.50 (+5.3%) would be an upside breakout.
- 3 A 1 hour close below 9.53 (-4.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.