PSX · INSURANCE · Daily
ALAC Ascending Triangle breakdown
Askari Life Assurance Company Limited · 28 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 20.88 on the breakout. Target 16.55, invalidation 24.75.
Trade plan
- Close
- 20.88
- ▼ 4.13%
- Target
- 16.55
- -20.7%
- Invalidation
- 24.75
- +18.5%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 1.29
- 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 Daily candles · click to enlarge
The breakdown
ALAC broke below its ascending triangle on the daily close at 20.88.
Projected target 16.55 (-20.7%). The pattern is invalidated beyond 24.75 (+18.5%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 9.90). Nearest demand OB 15.10 - 16.50.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 20.88.
- 2 The target, 16.55 (-20.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.75 (+18.5%), cancels the setup.
- 4 Reward : risk is 1.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.