PSX · JUTE · 30 Min
CJPL Descending Triangle forming
Crescent Jute Products Limited · 22 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 14.89
- ▲ 0.61%
- Upper line
- 15.28
- +2.6%
- Lower line
- 14.10
- -5.3%
- ATR
- 0.29
- 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 is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 6.2x ATR wide at the start.
Upper line 15.28, lower line 14.10. The pattern favours a downside resolution: a 30-minute close above 15.34 confirms an upside breakout, a close below 14.04 a downside break.
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 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 15.28 (+2.6%) would be an upside breakout.
- 3 A 30 min close below 14.10 (-5.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).