PSX · INSURANCE · 1 Hour
ALIFE Descending Triangle breakout
Adamjee Life Assurance Company Limited · 26 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 30.00 on the breakout. Target 32.07, invalidation 28.37.
Trade plan
● Active- Close
- 30.00
- ▲ 5.75%
- Target
- 32.07
- +6.9%
- Invalidation
- 28.37
- -5.4%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.52
- Price now
- 30.00 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
ALIFE broke above its descending triangle on the hourly close at 30.00.
Projected target 32.07 (+6.9%). The pattern is invalidated beyond 28.37 (-5.4%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 32.44). Nearest bearish FVG 30.00 - 30.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 30.00.
- 2 The target, 32.07 (+6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 28.37 (-5.4%), cancels the setup.
- 4 Reward : risk is 1.3 : 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).