PSX · TEXTILE SPINNING · 30 Min
KOSM Symmetrical Triangle breakdown
Kohinoor Spinning Mills Limited · 22 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 5.32 on the breakout. Target 5.08, invalidation 5.65.
Trade plan
● Active- Close
- 5.32
- ▼ 0.75%
- Target
- 5.08
- -4.5%
- Invalidation
- 5.65
- +6.2%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.06
- Price now
- 5.33 +0.2%
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
KOSM broke below its symmetrical triangle on the 30-minute close at 5.32.
Projected target 5.08 (-4.5%). The pattern is invalidated beyond 5.65 (+6.2%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 4.95). Nearest demand OB 5.03 - 5.05, supply OB 6.45 - 6.48.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 5.32.
- 2 The target, 5.08 (-4.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.65 (+6.2%), cancels the setup.
- 4 Reward : risk is 0.7 : 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.