PSX · AUTOMOBILE ASSEMBLER · 30 Min
GAL Ascending Triangle forming
Ghandhara Automobiles Limited · 22 Oct 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 485.00
- ▼ 0.31%
- Upper line
- 495.40
- +2.1%
- Lower line
- 482.68
- -0.5%
- ATR
- 3.19
- 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
GAL is compressing inside an ascending triangle on the 30-minute chart - 5 swing points, 10.9x ATR wide at the start.
Upper line 495.40, lower line 482.68. The pattern favours an upside resolution: a 30-minute close above 496.04 confirms an upside breakout, a close below 482.04 a downside break.
Structure: bearish external, bullish internal (strong high 493.87). Nearest demand OB 473.00 - 475.84, supply OB 498.01 - 503.00.
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 495.40 (+2.1%) would be an upside breakout.
- 3 A 30 min close below 482.68 (-0.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.