PSX · TEXTILE SPINNING · 30 Min
AATM Descending Triangle breakout
Ali Asghar Textile Mills Limited · 30 Oct 2026 · 09:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 51.88 on the breakout. Target 56.15, invalidation 46.10.
Trade plan
● Active- Close
- 51.88
- ▲ 4.62%
- Target
- 56.15
- +8.2%
- Invalidation
- 46.10
- -11.1%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 1.67
- Price now
- 47.03 -9.4%
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
AATM broke above its descending triangle on the 30-minute close at 51.88.
Projected target 56.15 (+8.2%). The pattern is invalidated beyond 46.10 (-11.1%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 40.00). Nearest demand OB 36.00 - 36.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 51.88.
- 2 The target, 56.15 (+8.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 46.10 (-11.1%), cancels the setup.
- 4 Reward : risk is 0.7 : 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).