PSX · CHEMICAL · 30 Min
GGL Ascending Triangle breakdown
Ghani Global Holdings Limited · 11 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 19.38 on the breakout. Target 16.86, invalidation 19.95.
Trade plan
● Active- Close
- 19.38
- ▼ 0.77%
- Target
- 16.86
- -13.0%
- Invalidation
- 19.95
- +2.9%
RiskReward
- Reward : risk
- 4.4 : 1
- ATR
- 0.19
- Price now
- 19.40 +0.1%
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
GGL broke below its ascending triangle on the 30-minute close at 19.38.
Projected target 16.86 (-13.0%). The pattern is invalidated beyond 19.95 (+2.9%), a reward-to-risk of about 4.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 20.60). Nearest demand OB 18.70 - 18.99, supply OB 21.20 - 21.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 19.38.
- 2 The target, 16.86 (-13.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.95 (+2.9%), cancels the setup.
- 4 Reward : risk is 4.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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.