PSX · MODARABAS · 1 Hour
FPJM Symmetrical Triangle forming
First Punjab Modaraba · 28 Oct 2026 · 09:30 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 18.03
- ▼ 0.50%
- Upper line
- 19.40
- +7.6%
- Lower line
- 17.96
- -0.4%
- ATR
- 0.53
- 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
FPJM is compressing inside a symmetrical triangle on the hourly chart - 5 swing points, 10.0x ATR wide at the start.
Upper line 19.40, lower line 17.96. The pattern has no built-in bias: a hourly close above 19.51 confirms an upside breakout, a close below 17.85 a downside break.
Structure: bullish external, bearish internal (strong low 16.00). Nearest demand OB 9.99 - 10.29.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 19.40 (+7.6%) would be an upside breakout.
- 3 A 1 hour close below 17.96 (-0.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.