PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
FNEL Descending Triangle forming
First National Equities Limited · 28 Oct 2026 · 13:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 1.12
- ▲ 0.90%
- Upper line
- 1.23
- +9.8%
- Lower line
- 1.05
- -6.3%
- ATR
- 0.02
- 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
FNEL is compressing inside a descending triangle on the hourly chart - 5 swing points, 11.2x ATR wide at the start.
Upper line 1.23, lower line 1.05. The pattern favours a downside resolution: a hourly close above 1.23 confirms an upside breakout, a close below 1.05 a downside break.
Structure: bearish external, bearish internal (strong high 1.32). Nearest supply OB 1.22 - 1.23.
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 1.23 (+9.8%) would be an upside breakout.
- 3 A 1 hour close below 1.05 (-6.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).