PSX · PHARMACEUTICALS · 30 Min
ABOT Symmetrical Triangle breakout
Abbott Laboratories (Pakistan) Limited · 20 Oct 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 947.00 on the breakout. Target 962.37, invalidation 927.01.
Trade plan
● Active- Close
- 947.00
- ▲ 0.00%
- Target
- 962.37
- +1.6%
- Invalidation
- 927.01
- -2.1%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 6.81
- Price now
- 946.00 -0.1%
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
ABOT broke above its symmetrical triangle on the 30-minute close at 947.00.
Projected target 962.37 (+1.6%). The pattern is invalidated beyond 927.01 (-2.1%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 890.08). Nearest demand OB 882.00 - 883.00, supply OB 1,004.25 - 1,028.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 947.00.
- 2 The target, 962.37 (+1.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 927.01 (-2.1%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.