PSX · JUTE · 30 Min
CJPL Descending Triangle breakout
Crescent Jute Products Limited · 22 Oct 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 14.91 on the breakout. Target 16.82, invalidation 14.22.
Trade plan
● Active- Close
- 14.91
- ▲ 1.78%
- Target
- 16.82
- +12.8%
- Invalidation
- 14.22
- -4.6%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 0.31
- Price now
- 14.89 -0.1%
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
CJPL broke above its descending triangle on the 30-minute close at 14.91.
Projected target 16.82 (+12.8%). The pattern is invalidated beyond 14.22 (-4.6%), a reward-to-risk of about 2.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 18.55). Nearest demand OB 13.00 - 13.40, supply OB 16.25 - 16.33.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 14.91.
- 2 The target, 16.82 (+12.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 14.22 (-4.6%), cancels the setup.
- 4 Reward : risk is 2.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the descending triangle
A descending triangle is a falling upper trendline meeting flat support; a close below support usually continues the fall, a close above the trendline signals a reversal.
- 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 (a fake-out).