PSX · MODARABAS · 1 Hour
FHAM Ascending Triangle forming
First Habib Modaraba · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 27.67
- ▲ 0.62%
- Upper line
- 27.89
- +0.8%
- Lower line
- 26.78
- -3.2%
- ATR
- 0.37
- 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
FHAM is compressing inside an ascending triangle on the hourly chart - 5 swing points, 7.0x ATR wide at the start.
Upper line 27.89, lower line 26.78. The pattern favours an upside resolution: a hourly close above 27.96 confirms an upside breakout, a close below 26.71 a downside break.
Structure: bearish external, bearish internal (strong high 35.50). Nearest supply OB 29.06 - 29.34.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 27.89 (+0.8%) would be an upside breakout.
- 3 A 1 hour close below 26.78 (-3.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.