PSX · INSURANCE · 30 Min
PINL Descending Triangle breakout
Premier Insurance Limited · 23 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.49 on the breakout. Target 10.18, invalidation 9.00.
Trade plan
✕ Invalidated- Close
- 9.49
- ▲ 2.04%
- Target
- 10.18
- +7.3%
- Invalidation
- 9.00
- -5.2%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 0.12
- Price now
- 9.05 -4.6%
- Resolved
- 26 Oct · 10:00
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
PINL broke above its descending triangle on the 30-minute close at 9.49.
Projected target 10.18 (+7.3%). The pattern is invalidated beyond 9.00 (-5.2%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 5.81). Nearest demand OB 6.65 - 6.66, supply OB 10.95 - 10.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.49.
- 2 The target, 10.18 (+7.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.00 (-5.2%), cancels the setup.
- 4 Reward : risk is 1.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).