PSX · MODARABAS
FEM Descending Triangle breakout — 30 Min chart signal
First Equity Modaraba
30 Min 16 Oct 2026 · 14:30 PKT
Close
12.30
▲ 0.82%
Descending Triangle breakout
Pattern breakout With the trend
FEM broke above its descending triangle on the 30-minute close at 12.30.
Projected target 12.98 (+5.5%). The pattern is invalidated beyond 11.66 (-5.2%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 9.41). Nearest demand OB 9.09 - 9.30.
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