PSX · GLASS & CERAMICS · 1 Hour
KCL Descending Triangle forming
Karam Ceramics Limited · 29 Oct 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 175.00
- ▲ 16.67%
- Upper line
- 174.11
- -0.5%
- Lower line
- 150.12
- -14.2%
- ATR
- 8.16
- 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
KCL is compressing inside a descending triangle on the hourly chart - 5 swing points, 6.3x ATR wide at the start.
Upper line 174.11, lower line 150.12. The pattern favours a downside resolution: a hourly close above 175.74 confirms an upside breakout, a close below 148.49 a downside break.
Structure: bullish external, bearish internal (strong low 115.02). Nearest bullish FVG 150.00 - 175.00.
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 174.11 (-0.5%) would be an upside breakout.
- 3 A 1 hour close below 150.12 (-14.2%) 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).