PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
IMS Ascending Triangle breakdown
Intermarket Securities Limited · 02 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 17.45 on the breakout. Target 16.39, invalidation 17.75.
Trade plan
● Active- Close
- 17.45
- ▲ 0.58%
- Target
- 16.39
- -6.1%
- Invalidation
- 17.75
- +1.7%
RiskReward
- Reward : risk
- 3.5 : 1
- ATR
- 0.43
- Price now
- 17.09 -2.1%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
IMS broke below its ascending triangle on the hourly close at 17.45.
Projected target 16.39 (-6.1%). The pattern is invalidated beyond 17.75 (+1.7%), a reward-to-risk of about 3.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 17.89). Nearest demand OB 11.80 - 12.28, supply OB 19.25 - 19.43.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 17.45.
- 2 The target, 16.39 (-6.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 17.75 (+1.7%), cancels the setup.
- 4 Reward : risk is 3.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the ascending triangle
An ascending triangle is rising support meeting flat resistance; a close above resistance usually continues the rise, a close below support signals weakness.
- 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.