PSX · COMMERCIAL BANKS · 30 Min
MEBL Symmetrical Triangle forming
Meezan Bank Limited · 22 Oct 2026 · 12:00 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 544.40
- ▼ 0.34%
- Upper line
- 550.84
- +1.2%
- Lower line
- 544.14
- 0.0%
- ATR
- 2.03
- 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
MEBL is compressing inside a symmetrical triangle on the 30-minute chart - 5 swing points, 7.7x ATR wide at the start.
Upper line 550.84, lower line 544.14. The pattern has no built-in bias: a 30-minute close above 551.25 confirms an upside breakout, a close below 543.73 a downside break.
Structure: bullish external, bullish internal (strong low 525.00). Nearest demand OB 527.00 - 534.80, supply OB 577.50 - 582.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 550.84 (+1.2%) would be an upside breakout.
- 3 A 30 min close below 544.14 (0.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.