PSX · INSURANCE · 30 Min
SHNI Symmetrical Triangle breakout
Shaheen Insurance Company Limited · 13 Nov 2026 · 15:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 8.38 on the breakout. Target 10.01, invalidation 7.85.
Trade plan
● Active- Close
- 8.38
- ▼ 3.57%
- Target
- 10.01
- +19.5%
- Invalidation
- 7.85
- -6.3%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.19
- Price now
- 8.11 -3.2%
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 above its symmetrical triangle on the 30-minute close at 8.38.
Projected target 10.01 (+19.5%). The pattern is invalidated beyond 7.85 (-6.3%), a reward-to-risk of about 3.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 6.61). Nearest demand OB 7.70 - 7.71, supply OB 9.75 - 9.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 8.38.
- 2 The target, 10.01 (+19.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.85 (-6.3%), cancels the setup.
- 4 Reward : risk is 3.1 : 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.