PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
SKRS Symmetrical Triangle breakdown
Sakrand Sugar Mills Limited · 02 Nov 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout
Closed at 19.00 on the breakout. Target 17.26, invalidation 20.35.
Trade plan
● Active- Close
- 19.00
- ▼ 5.00%
- Target
- 17.26
- -9.2%
- Invalidation
- 20.35
- +7.1%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.32
- Price now
- 19.13 +0.7%
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
SKRS broke below its symmetrical triangle on the 30-minute close at 19.00.
Projected target 17.26 (-9.2%). The pattern is invalidated beyond 20.35 (+7.1%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 22.36). Nearest supply OB 23.29 - 23.37.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 19.00.
- 2 The target, 17.26 (-9.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 20.35 (+7.1%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.