PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
BBFL Symmetrical Triangle forming
Big Bird Foods Limited · 23 Oct 2026 · 15:30 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 37.39
- ▲ 1.58%
- Upper line
- 38.38
- +2.6%
- Lower line
- 36.27
- -3.0%
- ATR
- 0.55
- 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
BBFL is compressing inside a symmetrical triangle on the hourly chart - 5 swing points, 8.7x ATR wide at the start.
Upper line 38.38, lower line 36.27. The pattern has no built-in bias: a hourly close above 38.49 confirms an upside breakout, a close below 36.16 a downside break.
Structure: bearish external, bullish internal (strong high 41.99). Nearest demand OB 34.92 - 35.44, supply OB 47.40 - 48.44.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 38.38 (+2.6%) would be an upside breakout.
- 3 A 1 hour close below 36.27 (-3.0%) 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.