PSX · TEXTILE COMPOSITE · 1 Hour
ILP Ascending Triangle forming
Interloop Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 99.00
- ▲ 3.13%
- Upper line
- 98.97
- 0.0%
- Lower line
- 95.98
- -3.1%
- ATR
- 1.24
- 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
ILP is compressing inside an ascending triangle on the hourly chart - 5 swing points, 7.3x ATR wide at the start.
Upper line 98.97, lower line 95.98. The pattern favours an upside resolution: a hourly close above 99.22 confirms an upside breakout, a close below 95.73 a downside break.
Structure: bullish external, bullish internal (strong low 68.16). Nearest demand OB 90.96 - 91.78, supply OB 100.50 - 102.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 98.97 (0.0%) would be an upside breakout.
- 3 A 1 hour close below 95.98 (-3.1%) 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.