PSX · TEXTILE COMPOSITE · 30 Min
ZAHID Symmetrical Triangle breakdown
Zahidjee Textile Mills Limited · 02 Nov 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 56.00 on the breakout. Target 52.07, invalidation 59.50.
Trade plan
● Active- Close
- 56.00
- ▼ 1.75%
- Target
- 52.07
- -7.0%
- Invalidation
- 59.50
- +6.3%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 1.06
- Price now
- 56.13 +0.2%
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
ZAHID broke below its symmetrical triangle on the 30-minute close at 56.00.
Projected target 52.07 (-7.0%). The pattern is invalidated beyond 59.50 (+6.2%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 69.49). Nearest demand OB 52.50 - 53.25, supply OB 72.00 - 74.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 56.00.
- 2 The target, 52.07 (-7.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 59.50 (+6.3%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.