PSX · PAPER, BOARD & PACKAGING · 1 Hour
PKGS Symmetrical Triangle forming
Packages Limited · 26 Oct 2026 · 09:30 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 670.00
- ▼ 1.33%
- Upper line
- 694.76
- +3.7%
- Lower line
- 671.22
- +0.2%
- ATR
- 8.04
- 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
PKGS is compressing inside a symmetrical triangle on the hourly chart - 5 swing points, 7.9x ATR wide at the start.
Upper line 694.76, lower line 671.22. The pattern has no built-in bias: a hourly close above 696.37 confirms an upside breakout, a close below 669.61 a downside break.
Structure: bearish external, bearish internal (strong high 848.00). Nearest supply OB 710.00 - 715.99.
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 694.76 (+3.7%) would be an upside breakout.
- 3 A 1 hour close below 671.22 (+0.2%) 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.