PSX · INSURANCE · 30 Min
AICL Descending Triangle forming
Adamjee Insurance Company Limited · 12 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 91.45
- ▼ 0.13%
- Upper line
- 93.31
- +2.0%
- Lower line
- 89.82
- -1.8%
- ATR
- 0.78
- 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
AICL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.6x ATR wide at the start.
Upper line 93.31, lower line 89.82. The pattern favours a downside resolution: a 30-minute close above 93.47 confirms an upside breakout, a close below 89.66 a downside break.
Structure: bullish external, bearish internal (strong low 82.60). Nearest demand OB 85.50 - 88.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 93.31 (+2.0%) would be an upside breakout.
- 3 A 30 min close below 89.82 (-1.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).