PSX · SYNTHETIC & RAYON · 1 Hour
IBFL Descending Triangle breakout
Ibrahim Fibres Limited · 26 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 250.06 on the breakout. Target 325.19, invalidation 242.02.
Trade plan
✕ Invalidated- Close
- 250.06
- ▲ 0.02%
- Target
- 325.19
- +30.0%
- Invalidation
- 242.02
- -3.2%
RiskReward
- Reward : risk
- 9.3 : 1
- ATR
- 9.81
- Price now
- 245.00 -2.0%
- Resolved
- 26 Oct · 11:30
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
IBFL broke above its descending triangle on the hourly close at 250.06.
Projected target 325.19 (+30.0%). The pattern is invalidated beyond 242.02 (-3.2%), a reward-to-risk of about 9.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 194.80). Nearest supply OB 240.02 - 259.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 250.06.
- 2 The target, 325.19 (+30.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 242.02 (-3.2%), cancels the setup.
- 4 Reward : risk is 9.3 : 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).