PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
FNEL Descending Triangle breakout
First National Equities Limited · 12 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 1.27 on the breakout. Target 1.31, invalidation 1.12.
Trade plan
● Active- Close
- 1.27
- ▲ 4.96%
- Target
- 1.31
- +3.1%
- Invalidation
- 1.12
- -11.8%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.04
- Price now
- 1.23 -3.2%
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
FNEL broke above its descending triangle on the hourly close at 1.27.
Projected target 1.31 (+3.1%). The pattern is invalidated beyond 1.12 (-11.8%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 1.32). Nearest demand OB 1.16 - 1.19, supply OB 1.75 - 1.81.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 1.27.
- 2 The target, 1.31 (+3.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1.12 (-11.8%), cancels the setup.
- 4 Reward : risk is 0.3 : 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).