PSX · OIL & GAS MARKETING COMPANIES · 1 Hour
HASCOL Descending Triangle breakout
Hascol Petroleum Limited · 04 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 16.28 on the breakout. Target 17.62, invalidation 15.76.
Trade plan
● Active- Close
- 16.28
- ▲ 0.87%
- Target
- 17.62
- +8.2%
- Invalidation
- 15.76
- -3.2%
RiskReward
- Reward : risk
- 2.6 : 1
- ATR
- 0.22
- Price now
- 16.28 0.0%
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
HASCOL broke above its descending triangle on the hourly close at 16.28.
Projected target 17.62 (+8.2%). The pattern is invalidated beyond 15.76 (-3.2%), a reward-to-risk of about 2.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 13.51). Nearest supply OB 17.00 - 17.42.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 16.28.
- 2 The target, 17.62 (+8.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.76 (-3.2%), cancels the setup.
- 4 Reward : risk is 2.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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).