PSX · PAPER, BOARD & PACKAGING · 30 Min
CPPL Descending Triangle forming
Cherat Packaging Limited · 03 Nov 2026 · 13:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 85.84
- ▲ 0.99%
- Upper line
- 87.89
- +2.4%
- Lower line
- 82.35
- -4.1%
- ATR
- 1.16
- 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
CPPL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 12.1x ATR wide at the start.
Upper line 87.89, lower line 82.35. The pattern favours a downside resolution: a 30-minute close above 88.12 confirms an upside breakout, a close below 82.12 a downside break.
Structure: bearish external, bullish internal (strong high 90.20). Nearest demand OB 75.91 - 76.24, supply OB 100.00 - 102.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 87.89 (+2.4%) would be an upside breakout.
- 3 A 30 min close below 82.35 (-4.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).