PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
BNL Descending Triangle breakout
Bunnys Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 4.99 on the breakout. Target 5.87, invalidation 4.80.
Trade plan
● Active- Close
- 4.99
- ▲ 1.01%
- Target
- 5.87
- +17.6%
- Invalidation
- 4.80
- -3.8%
RiskReward
- Reward : risk
- 4.6 : 1
- ATR
- 0.08
- Price now
- 5.05 +1.2%
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
BNL broke above its descending triangle on the hourly close at 4.99.
Projected target 5.87 (+17.6%). The pattern is invalidated beyond 4.80 (-3.8%), a reward-to-risk of about 4.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 6.00). Nearest supply OB 5.52 - 5.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 4.99.
- 2 The target, 5.87 (+17.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4.80 (-3.8%), cancels the setup.
- 4 Reward : risk is 4.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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).