PSX · OIL & GAS MARKETING COMPANIES · 30 Min
OBOY Symmetrical Triangle breakdown
Oilboy Energy Limited · 20 Oct 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 15.85 on the breakout. Target 14.54, invalidation 16.23.
Trade plan
● Active- Close
- 15.85
- ▲ 0.00%
- Target
- 14.54
- -8.3%
- Invalidation
- 16.23
- +2.4%
RiskReward
- Reward : risk
- 3.4 : 1
- ATR
- 0.16
- Price now
- 15.89 +0.3%
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
OBOY broke below its symmetrical triangle on the 30-minute close at 15.85.
Projected target 14.54 (-8.3%). The pattern is invalidated beyond 16.23 (+2.4%), a reward-to-risk of about 3.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 10.35). Nearest demand OB 15.29 - 15.59, supply OB 19.44 - 19.92.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 15.85.
- 2 The target, 14.54 (-8.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 16.23 (+2.4%), cancels the setup.
- 4 Reward : risk is 3.4 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.