PSX · ENGINEERING · 1 Hour
INIL Descending Triangle breakdown
International Industries Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 151.00 on the breakout. Target 136.79, invalidation 159.00.
Trade plan
● Active- Close
- 151.00
- ▼ 1.24%
- Target
- 136.79
- -9.4%
- Invalidation
- 159.00
- +5.3%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 1.53
- Price now
- 152.70 +1.1%
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
INIL broke below its descending triangle on the hourly close at 151.00.
Projected target 136.79 (-9.4%). The pattern is invalidated beyond 159.00 (+5.3%), a reward-to-risk of about 1.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 195.00). Nearest demand OB 142.40 - 143.50, supply OB 153.02 - 154.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 151.00.
- 2 The target, 136.79 (-9.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 159.00 (+5.3%), cancels the setup.
- 4 Reward : risk is 1.8 : 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).