PSX · CLOSE - END MUTUAL FUND · 1 Hour
HGFA Descending Triangle breakout
HBL Growth Fund · 26 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 13.30 on the breakout. Target 14.00, invalidation 13.04.
Trade plan
● Active- Close
- 13.30
- ▼ 0.38%
- Target
- 14.00
- +5.3%
- Invalidation
- 13.04
- -2.0%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 0.21
- Price now
- 13.31 +0.1%
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
HGFA broke above its descending triangle on the hourly close at 13.30.
Projected target 14.00 (+5.3%). The pattern is invalidated beyond 13.04 (-2.0%), a reward-to-risk of about 2.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 13.00). Nearest supply OB 15.79 - 16.15.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 13.30.
- 2 The target, 14.00 (+5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 13.04 (-2.0%), cancels the setup.
- 4 Reward : risk is 2.7 : 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).