SCBPL Descending Triangle forming — 1 Hour chart signal

SCBPL is compressing inside a descending triangle on the hourly chart - 5 swing points, 7.2x ATR wide at the start.

Upper line 60.96, lower line 56.08. The pattern favours a downside resolution: a hourly close above 61.21 confirms an upside breakout, a close below 55.83 a downside break. Still active - first identified on 06 Oct 2026 10:30.

Structure: bearish external, bullish internal (strong high 79.00). Nearest demand OB 52.01 - 54.50, supply OB 66.55 - 68.89.