PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
BWHL Descending Triangle breakout
Baluchistan Wheels Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 214.79 on the breakout. Target 234.89, invalidation 211.00.
Trade plan
● Active- Close
- 214.79
- ▲ 0.37%
- Target
- 234.89
- +9.4%
- Invalidation
- 211.00
- -1.8%
RiskReward
- Reward : risk
- 5.3 : 1
- ATR
- 1.19
- Price now
- 214.80 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
BWHL broke above its descending triangle on the hourly close at 214.79.
Projected target 234.89 (+9.4%). The pattern is invalidated beyond 211.00 (-1.8%), a reward-to-risk of about 5.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 247.99). Nearest demand OB 200.00 - 204.98.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 214.79.
- 2 The target, 234.89 (+9.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 211.00 (-1.8%), cancels the setup.
- 4 Reward : risk is 5.3 : 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).