PSX · CABLE & ELECTRICAL GOODS
SIEM Descending Triangle forming — 30 Min chart signal
Siemens (Pakistan) Engineering
30 Min 14 Oct 2026 · 14:00 PKT
Close
1,575.00
▼ 3.96%
Descending Triangle forming
Chart pattern With the trend
SIEM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 6.8x ATR wide at the start.
Upper line 1,639.04, lower line 1,575.36. The pattern favours a downside resolution: a 30-minute close above 1,643.04 confirms an upside breakout, a close below 1,571.36 a downside break.
Structure: bearish external, bullish internal (strong high 1,840.00).