PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
TSPL Symmetrical Triangle breakout
Tri-Star Power Limited · 21 Oct 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 14.53 on the breakout. Target 15.06, invalidation 13.00.
Trade plan
✓ Target hit- Close
- 14.53
- ▲ 9.66%
- Target
- 15.06
- +3.6%
- Invalidation
- 13.00
- -10.5%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.38
- Price now
- 15.98 +10.0%
- Resolved
- 22 Oct · 09:30
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
TSPL broke above its symmetrical triangle on the hourly close at 14.53.
Projected target 15.06 (+3.6%). The pattern is invalidated beyond 13.00 (-10.5%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 8.00). Nearest demand OB 12.30 - 12.50, supply OB 14.60 - 15.20.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 14.53.
- 2 The target, 15.06 (+3.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.00 (-10.5%), cancels the setup.
- 4 Reward : risk is 0.3 : 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.