PSX · INSURANCE · 30 Min
PINL Descending Triangle breakout
Premier Insurance Limited · 29 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.50 on the breakout. Target 10.17, invalidation 9.13.
Trade plan
✓ Target hit- Close
- 9.50
- ▲ 4.28%
- Target
- 10.17
- +7.1%
- Invalidation
- 9.13
- -3.9%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.18
- Price now
- 9.90 +4.2%
- Resolved
- 30 Oct · 10:00
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
PINL broke above its descending triangle on the 30-minute close at 9.50.
Projected target 10.17 (+7.1%). The pattern is invalidated beyond 9.13 (-3.9%), a reward-to-risk of about 1.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 8.25). Nearest demand OB 9.01 - 9.09, supply OB 10.95 - 10.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.50.
- 2 The target, 10.17 (+7.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.13 (-3.9%), cancels the setup.
- 4 Reward : risk is 1.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
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).