PSX · PAPER, BOARD & PACKAGING · 1 Hour
PKGS Symmetrical Triangle breakout
Packages Limited · 27 Oct 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout
Closed at 694.99 on the breakout. Target 723.38, invalidation 661.20.
Trade plan
● Active- Close
- 694.99
- ▲ 0.00%
- Target
- 723.38
- +4.1%
- Invalidation
- 661.20
- -4.9%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 8.96
- Price now
- 675.00 -2.9%
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
PKGS broke above its symmetrical triangle on the hourly close at 694.99.
Projected target 723.38 (+4.1%). The pattern is invalidated beyond 661.20 (-4.9%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 848.00). Nearest supply OB 710.00 - 715.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 694.99.
- 2 The target, 723.38 (+4.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 661.20 (-4.9%), cancels the setup.
- 4 Reward : risk is 0.8 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.