PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
HWQS Descending Triangle forming
Haseeb Waqas Sugar Mills Limited · 21 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 19.14
- ▲ 5.17%
- Upper line
- 19.23
- +0.5%
- Lower line
- 17.76
- -7.2%
- ATR
- 0.46
- 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
HWQS is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.2x ATR wide at the start.
Upper line 19.23, lower line 17.76. The pattern favours a downside resolution: a 30-minute close above 19.32 confirms an upside breakout, a close below 17.67 a downside break.
Structure: bullish external, bullish internal (strong low 16.44). Nearest demand OB 15.50 - 15.90, supply OB 26.66 - 27.71.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 19.23 (+0.5%) would be an upside breakout.
- 3 A 30 min close below 17.76 (-7.2%) 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).