PSX · TEXTILE COMPOSITE · 1 Hour
KOIL Symmetrical Triangle breakdown
Kohinoor Industries Limited · 20 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 37.99 on the breakout. Target 18.60, invalidation 41.93.
Trade plan
● Active- Close
- 37.99
- ▼ 0.05%
- Target
- 18.60
- -51.0%
- Invalidation
- 41.93
- +10.4%
RiskReward
- Reward : risk
- 4.9 : 1
- ATR
- 1.32
- Price now
- 37.32 -1.8%
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
KOIL broke below its symmetrical triangle on the hourly close at 37.99.
Projected target 18.60 (-51.0%). The pattern is invalidated beyond 41.93 (+10.4%), a reward-to-risk of about 4.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 42.71). Nearest demand OB 34.50 - 34.69, supply OB 49.60 - 50.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 37.99.
- 2 The target, 18.60 (-51.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 41.93 (+10.4%), cancels the setup.
- 4 Reward : risk is 4.9 : 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.