PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
TRG Ascending Triangle breakdown
TRG Pakistan Limited · 22 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 55.47 on the breakout. Target 49.95, invalidation 59.32.
Trade plan
● Active- Close
- 55.47
- ▼ 1.14%
- Target
- 49.95
- -10.0%
- Invalidation
- 59.32
- +6.9%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 0.96
- Price now
- 54.70 -1.4%
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
TRG broke below its ascending triangle on the hourly close at 55.47.
Projected target 49.95 (-10.0%). The pattern is invalidated beyond 59.32 (+6.9%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 81.42). Nearest demand OB 49.60 - 50.00, supply OB 60.55 - 60.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 55.47.
- 2 The target, 49.95 (-10.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 59.32 (+6.9%), cancels the setup.
- 4 Reward : risk is 1.4 : 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.