PSX · CHEMICAL · 1 Hour
BUXL Descending Triangle breakout
Buxly Paints Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 324.00 on the breakout. Target 388.19, invalidation 291.56.
Trade plan
● Active- Close
- 324.00
- ▲ 7.19%
- Target
- 388.19
- +19.8%
- Invalidation
- 291.56
- -10.0%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 6.90
- Price now
- 340.00 +4.9%
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
BUXL broke above its descending triangle on the hourly close at 324.00.
Projected target 388.19 (+19.8%). The pattern is invalidated beyond 291.56 (-10.0%), a reward-to-risk of about 2.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 392.99). Nearest demand OB 208.10 - 213.00, supply OB 418.57 - 429.97.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 324.00.
- 2 The target, 388.19 (+19.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 291.56 (-10.0%), cancels the setup.
- 4 Reward : risk is 2.0 : 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).