PSX · INSURANCE · 30 Min
PKGI Descending Triangle breakout
The Pakistan General Insurance Co. Ltd. · 26 Oct 2026 · 14:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 21.50 on the breakout. Target 26.33, invalidation 20.00.
Trade plan
● Active- Close
- 21.50
- ▲ 0.09%
- Target
- 26.33
- +22.5%
- Invalidation
- 20.00
- -7.0%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 0.48
- Price now
- 21.74 +1.1%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
PKGI broke above its descending triangle on the 30-minute close at 21.50.
Projected target 26.33 (+22.5%). The pattern is invalidated beyond 20.00 (-7.0%), a reward-to-risk of about 3.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 20.31). Nearest demand OB 17.51 - 18.76, supply OB 27.00 - 27.65.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 21.50.
- 2 The target, 26.33 (+22.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 20.00 (-7.0%), cancels the setup.
- 4 Reward : risk is 3.2 : 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).