PSX · GLASS & CERAMICS · 30 Min
TGL Ascending Triangle breakdown
Tariq Glass Industries Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 156.50 on the breakout. Target 150.65, invalidation 161.00.
Trade plan
● Active- Close
- 156.50
- ▼ 0.47%
- Target
- 150.65
- -3.7%
- Invalidation
- 161.00
- +2.9%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 1.25
- Price now
- 154.50 -1.3%
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
TGL broke below its ascending triangle on the 30-minute close at 156.50.
Projected target 150.65 (-3.7%). The pattern is invalidated beyond 161.00 (+2.9%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 209.00). Nearest supply OB 167.01 - 168.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 156.50.
- 2 The target, 150.65 (-3.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 161.00 (+2.9%), cancels the setup.
- 4 Reward : risk is 1.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.