PSX · COMMERCIAL BANKS · 30 Min
JSBL Descending Triangle forming
JS Bank Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 11.22
- ▲ 2.00%
- Upper line
- 11.47
- +2.2%
- Lower line
- 10.93
- -2.6%
- ATR
- 0.24
- 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
JSBL is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 7.3x ATR wide at the start.
Upper line 11.47, lower line 10.93. The pattern favours a downside resolution: a 30-minute close above 11.52 confirms an upside breakout, a close below 10.88 a downside break.
Structure: bearish external, bearish internal (strong high 13.09). Nearest supply OB 11.30 - 11.50.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 11.47 (+2.2%) would be an upside breakout.
- 3 A 30 min close below 10.93 (-2.6%) 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).