PSX · TRANSPORT · 30 Min
BLUEX Descending Triangle breakout
Blue-Ex Limited · 03 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 5.69 on the breakout. Target 6.06, invalidation 5.35.
Trade plan
● Active- Close
- 5.69
- ▲ 2.34%
- Target
- 6.06
- +6.5%
- Invalidation
- 5.35
- -6.0%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.10
- Price now
- 5.56 -2.3%
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
BLUEX broke above its descending triangle on the 30-minute close at 5.69.
Projected target 6.06 (+6.5%). The pattern is invalidated beyond 5.35 (-6.0%), 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: bearish external, bearish internal (strong high 6.24). Nearest supply OB 6.25 - 6.38.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 5.69.
- 2 The target, 6.06 (+6.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.35 (-6.0%), cancels the setup.
- 4 Reward : risk is 1.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).