PSX · MODARABAS · 1 Hour
FPJM Symmetrical Triangle breakdown
First Punjab Modaraba · 29 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 18.10 on the breakout. Target 15.81, invalidation 19.65.
Trade plan
● Active- Close
- 18.10
- ▼ 1.90%
- Target
- 15.81
- -12.7%
- Invalidation
- 19.65
- +8.6%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.47
- Price now
- 17.92 -1.0%
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
FPJM broke below its symmetrical triangle on the hourly close at 18.10.
Projected target 15.81 (-12.7%). The pattern is invalidated beyond 19.65 (+8.6%), a reward-to-risk of about 1.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 16.00). Nearest demand OB 9.99 - 10.29.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 18.10.
- 2 The target, 15.81 (-12.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.65 (+8.6%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.