PSX · PHARMACEUTICALS · 30 Min
IBLHL Symmetrical Triangle breakdown
IBL HealthCare Limited · 29 Oct 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 39.50 on the breakout. Target 37.94, invalidation 40.50.
Trade plan
● Active- Close
- 39.50
- ▼ 1.03%
- Target
- 37.94
- -3.9%
- Invalidation
- 40.50
- +2.5%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.27
- Price now
- 39.09 -1.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
IBLHL broke below its symmetrical triangle on the 30-minute close at 39.50.
Projected target 37.94 (-3.9%). The pattern is invalidated beyond 40.50 (+2.5%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 49.50). Nearest supply OB 48.11 - 48.64.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 39.50.
- 2 The target, 37.94 (-3.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 40.50 (+2.5%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.