PSX · INSURANCE · 30 Min
SHNI Ascending Triangle breakdown
Shaheen Insurance Company Limited · 13 Nov 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 8.19 on the breakout. Target 6.86, invalidation 8.34.
Trade plan
● Active- Close
- 8.19
- ▲ 2.38%
- Target
- 6.86
- -16.2%
- Invalidation
- 8.34
- +1.8%
RiskReward
- Reward : risk
- 8.9 : 1
- ATR
- 0.15
- Price now
- 8.13 -0.7%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
SHNI broke below its ascending triangle on the 30-minute close at 8.19.
Projected target 6.86 (-16.2%). The pattern is invalidated beyond 8.34 (+1.8%), a reward-to-risk of about 8.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 6.61). Nearest supply OB 9.75 - 9.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 8.19.
- 2 The target, 6.86 (-16.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.34 (+1.8%), cancels the setup.
- 4 Reward : risk is 8.9 : 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.