PSX · TEXTILE SPINNING · 1 Hour
DFSM Ascending Triangle breakdown
Dewan Farooque Spinning Mills Limited · 23 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 14.50 on the breakout. Target 13.14, invalidation 15.70.
Trade plan
● Active- Close
- 14.50
- ▼ 0.55%
- Target
- 13.14
- -9.4%
- Invalidation
- 15.70
- +8.3%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.38
- Price now
- 14.52 +0.1%
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
DFSM broke below its ascending triangle on the hourly close at 14.50.
Projected target 13.14 (-9.4%). The pattern is invalidated beyond 15.70 (+8.3%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 16.33). Nearest demand OB 13.00 - 13.03, supply OB 16.52 - 16.80.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 14.50.
- 2 The target, 13.14 (-9.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.70 (+8.3%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.