PSX · COMMERCIAL BANKS · 30 Min
NBP Ascending Triangle forming
National Bank of Pakistan · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 165.90
- ▲ 1.15%
- Upper line
- 166.97
- +0.6%
- Lower line
- 161.03
- -2.9%
- ATR
- 1.62
- 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
NBP is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 14.3x ATR wide at the start.
Upper line 166.97, lower line 161.03. The pattern favours an upside resolution: a 30-minute close above 167.29 confirms an upside breakout, a close below 160.71 a downside break.
Structure: bearish external, bullish internal (strong high 183.60). Nearest demand OB 152.60 - 154.70, supply OB 170.01 - 171.60.
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 166.97 (+0.6%) would be an upside breakout.
- 3 A 30 min close below 161.03 (-2.9%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.