PSX · CHEMICAL · 1 Hour
LOTCHEM Ascending Triangle breakdown
Lotte Chemical Pakistan Limited · 12 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 24.51 on the breakout. Target 22.52, invalidation 25.18.
Trade plan
● Active- Close
- 24.51
- ▼ 1.65%
- Target
- 22.52
- -8.1%
- Invalidation
- 25.18
- +2.7%
RiskReward
- Reward : risk
- 3.0 : 1
- ATR
- 0.33
- Price now
- 24.75 +1.0%
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
LOTCHEM broke below its ascending triangle on the hourly close at 24.51.
Projected target 22.52 (-8.1%). The pattern is invalidated beyond 25.18 (+2.7%), a reward-to-risk of about 3.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 34.30). Nearest demand OB 23.71 - 23.97, supply OB 26.20 - 26.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 24.51.
- 2 The target, 22.52 (-8.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 25.18 (+2.7%), cancels the setup.
- 4 Reward : risk is 3.0 : 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.