PSX · AUTOMOBILE ASSEMBLER · 30 Min
MTL Symmetrical Triangle breakdown
Millat Tractors Limited · 02 Nov 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 281.51 on the breakout. Target 270.18, invalidation 284.94.
Trade plan
● Active- Close
- 281.51
- ▼ 0.26%
- Target
- 270.18
- -4.0%
- Invalidation
- 284.94
- +1.2%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 1.42
- Price now
- 280.00 -0.5%
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
MTL broke below its symmetrical triangle on the 30-minute close at 281.51.
Projected target 270.18 (-4.0%). The pattern is invalidated beyond 284.94 (+1.2%), a reward-to-risk of about 3.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 318.90). Nearest demand OB 269.00 - 270.50, supply OB 289.90 - 290.15.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 281.51.
- 2 The target, 270.18 (-4.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 284.94 (+1.2%), cancels the setup.
- 4 Reward : risk is 3.3 : 1: the distance to the target divided by the distance to invalidation.
Pattern guide
About the symmetrical triangle
A symmetrical triangle is lower highs and higher lows converging: indecision that resolves with a breakout in either direction.
- Confirmation
- A candle close beyond the upper or lower line.
- Target
- The triangle's widest height, projected from the breakout.
- Fails if
- A close back inside the triangle soon after the break.