PSX · TECHNOLOGY & COMMUNICATION · 30 Min
STL Descending Triangle breakout
Supernet Technologies Limited · 29 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 23.19 on the breakout. Target 23.24, invalidation 22.10.
Trade plan
✓ Target hit- Close
- 23.19
- ▲ 4.60%
- Target
- 23.24
- +0.2%
- Invalidation
- 22.10
- -4.7%
RiskReward
- Reward : risk
- 0.0 : 1
- ATR
- 0.23
- Price now
- 22.55 -2.8%
- Resolved
- 29 Oct · 14:00
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
STL broke above its descending triangle on the 30-minute close at 23.19.
Projected target 23.24 (+0.2%). The pattern is invalidated beyond 22.10 (-4.7%), a reward-to-risk of about 0.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 26.14). Nearest demand OB 22.01 - 22.37, supply OB 23.91 - 24.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 23.19.
- 2 The target, 23.24 (+0.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.10 (-4.7%), cancels the setup.
- 4 Reward : risk is 0.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).