PSX · TEXTILE SPINNING · 1 Hour
DWTM Symmetrical Triangle breakout
Dewan Textile Mills Limited · 13 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 10.69 on the breakout. Target 11.19, invalidation 9.20.
Trade plan
● Active- Close
- 10.69
- ▲ 6.79%
- Target
- 11.19
- +4.7%
- Invalidation
- 9.20
- -13.9%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.42
- Price now
- 10.38 -2.9%
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
DWTM broke above its symmetrical triangle on the hourly close at 10.69.
Projected target 11.19 (+4.7%). The pattern is invalidated beyond 9.20 (-13.9%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 6.60). Nearest supply OB 10.90 - 11.64.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 10.69.
- 2 The target, 11.19 (+4.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.20 (-13.9%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
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.