PSX · TEXTILE SPINNING · 30 Min
ARCTM Descending Triangle breakdown
Arctic Textile Mills Limited · 12 Nov 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 69.50 on the breakout. Target 58.09, invalidation 75.00.
Trade plan
● Active- Close
- 69.50
- ▲ 2.21%
- Target
- 58.09
- -16.4%
- Invalidation
- 75.00
- +7.9%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 1.79
- Price now
- 68.50 -1.4%
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
ARCTM broke below its descending triangle on the 30-minute close at 69.50.
Projected target 58.09 (-16.4%). The pattern is invalidated beyond 75.00 (+7.9%), a reward-to-risk of about 2.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 33.25). Nearest demand OB 50.00 - 52.70, supply OB 71.00 - 74.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 69.50.
- 2 The target, 58.09 (-16.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 75.00 (+7.9%), cancels the setup.
- 4 Reward : risk is 2.1 : 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).