PSX · SYNTHETIC & RAYON · 1 Hour
IBFL Descending Triangle breakdown
Ibrahim Fibres Limited · 26 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 245.00 on the breakout. Target 209.47, invalidation 259.95.
Trade plan
● Active- Close
- 245.00
- ▲ 8.17%
- Target
- 209.47
- -14.5%
- Invalidation
- 259.95
- +6.1%
RiskReward
- Reward : risk
- 2.4 : 1
- ATR
- 10.73
- Price now
- 245.00 0.0%
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 below its descending triangle on the hourly close at 245.00.
Projected target 209.47 (-14.5%). The pattern is invalidated beyond 259.95 (+6.1%), a reward-to-risk of about 2.4 : 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 343.39 - 346.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 245.00.
- 2 The target, 209.47 (-14.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 259.95 (+6.1%), cancels the setup.
- 4 Reward : risk is 2.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).