PSX · TEXTILE COMPOSITE · 1 Hour
FASM Ascending Triangle forming
Faisal Spinning Mills Limited · 12 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 310.00
- ▲ 0.00%
- Upper line
- 336.78
- +8.6%
- Lower line
- 297.47
- -4.0%
- ATR
- 9.93
- 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
FASM is compressing inside an ascending triangle on the hourly chart - 5 swing points, 16.2x ATR wide at the start.
Upper line 336.78, lower line 297.47. The pattern favours an upside resolution: a hourly close above 338.77 confirms an upside breakout, a close below 295.48 a downside break.
Structure: bullish external, bullish internal (strong low 240.02). Nearest bullish FVG 285.01 - 290.00.
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 336.78 (+8.6%) would be an upside breakout.
- 3 A 1 hour close below 297.47 (-4.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.