PSX · MODARABAS · 30 Min
SINDM Ascending Triangle breakdown
Sindh Modaraba · 21 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 57.00 on the breakout. Target 45.53, invalidation 60.89.
Trade plan
● Active- Close
- 57.00
- ▼ 3.39%
- Target
- 45.53
- -20.1%
- Invalidation
- 60.89
- +6.8%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 2.23
- Price now
- 53.78 -5.7%
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
SINDM broke below its ascending triangle on the 30-minute close at 57.00.
Projected target 45.53 (-20.1%). The pattern is invalidated beyond 60.89 (+6.8%), a reward-to-risk of about 2.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 32.01). Nearest demand OB 35.13 - 35.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 57.00.
- 2 The target, 45.53 (-20.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 60.89 (+6.8%), cancels the setup.
- 4 Reward : risk is 2.9 : 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.