PSX · TEXTILE COMPOSITE · 30 Min
CHBL Ascending Triangle breakdown
Chenab Limited · 22 Oct 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 9.02 on the breakout. Target 8.10, invalidation 9.71.
Trade plan
● Active- Close
- 9.02
- ▼ 2.28%
- Target
- 8.10
- -10.2%
- Invalidation
- 9.71
- +7.6%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.18
- Price now
- 9.10 +0.9%
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
CHBL broke below its ascending triangle on the 30-minute close at 9.02.
Projected target 8.10 (-10.2%). The pattern is invalidated beyond 9.71 (+7.6%), 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: bullish external, bearish internal (strong low 7.50). Nearest demand OB 7.50 - 7.96, supply OB 9.97 - 10.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 9.02.
- 2 The target, 8.10 (-10.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.71 (+7.6%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.