PSX · AUTOMOBILE ASSEMBLER · 1 Hour
HINO Ascending Triangle breakdown
Hinopak Motors Limited · 20 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 301.03 on the breakout. Target 279.80, invalidation 310.90.
Trade plan
● Active- Close
- 301.03
- ▼ 1.43%
- Target
- 279.80
- -7.1%
- Invalidation
- 310.90
- +3.3%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 3.61
- Price now
- 303.00 +0.7%
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
HINO broke below its ascending triangle on the hourly close at 301.03.
Projected target 279.80 (-7.1%). The pattern is invalidated beyond 310.90 (+3.3%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 264.69). Nearest supply OB 376.60 - 385.80.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 301.03.
- 2 The target, 279.80 (-7.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 310.90 (+3.3%), cancels the setup.
- 4 Reward : risk is 2.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.