PSX · JUTE · 30 Min
CJPL Descending Triangle breakdown
Crescent Jute Products Limited · 27 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 13.70 on the breakout. Target 13.30, invalidation 15.60.
Trade plan
● Active- Close
- 13.70
- ▼ 6.16%
- Target
- 13.30
- -2.9%
- Invalidation
- 15.60
- +13.9%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 0.39
- Price now
- 13.94 +1.8%
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
CJPL broke below its descending triangle on the 30-minute close at 13.70.
Projected target 13.30 (-2.9%). The pattern is invalidated beyond 15.60 (+13.9%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 16.70). Nearest demand OB 12.50 - 12.90, supply OB 16.25 - 16.33.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 13.70.
- 2 The target, 13.30 (-2.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.60 (+13.9%), cancels the setup.
- 4 Reward : risk is 0.2 : 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).