PSX · PHARMACEUTICALS · 1 Hour
OTSU Ascending Triangle breakdown
Otsuka Pakistan Limited · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 366.10 on the breakout. Target 353.00, invalidation 382.00.
Trade plan
● Active- Close
- 366.10
- ▼ 2.37%
- Target
- 353.00
- -3.6%
- Invalidation
- 382.00
- +4.3%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 5.27
- Price now
- 370.00 +1.1%
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
OTSU broke below its ascending triangle on the hourly close at 366.10.
Projected target 353.00 (-3.6%). The pattern is invalidated beyond 382.00 (+4.3%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 456.46). Nearest demand OB 361.00 - 361.10, supply OB 415.00 - 425.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 366.10.
- 2 The target, 353.00 (-3.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 382.00 (+4.3%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.