PSX · TEXTILE COMPOSITE · 1 Hour
ANTM Descending Triangle forming
AN Textile Mills Limited · 13 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 60.00
- ▼ 7.55%
- Upper line
- 64.77
- +7.9%
- Lower line
- 58.26
- -2.9%
- ATR
- 2.57
- 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
ANTM is compressing inside a descending triangle on the hourly chart - 5 swing points, 12.6x ATR wide at the start.
Upper line 64.77, lower line 58.26. The pattern favours a downside resolution: a hourly close above 65.28 confirms an upside breakout, a close below 57.75 a downside break.
Structure: bullish external, bullish internal (strong low 46.10). Nearest demand OB 51.00 - 52.20, supply OB 80.00 - 83.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 64.77 (+7.9%) would be an upside breakout.
- 3 A 1 hour close below 58.26 (-2.9%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).