PSX · CABLE & ELECTRICAL GOODS
SIEM Descending Triangle breakdown — 30 Min chart signal
Siemens (Pakistan) Engineering
30 Min 16 Oct 2026 · 10:00 PKT
Close
1,565.02
▼ 1.26%
Descending Triangle breakdown
Pattern breakout With the trend
SIEM broke below its descending triangle on the 30-minute close at 1,565.02.
Projected target 1,537.18 (-1.8%). The pattern is invalidated beyond 1,639.98 (+4.8%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 1,644.50). Nearest bearish FVG 1,565.02 - 1,580.00.
More for SIEM
SIEM company page →Bearish break of structure
SIEM closed below the external swing low at 1,570.00 from 06 Oct 14:30 - the bearish trend continues.
16 Oct 2026 · 10:00 PKT Market structure · BOS
Bearish break of structure
SIEM closed below the external swing low at 1,570.00 from 06 Oct 14:30 - the bearish trend continues.
16 Oct 2026 · 09:30 PKT Market structure · BOS
Descending Triangle forming
SIEM is compressing inside a descending triangle on the 30-minute chart - 5 swing points, 6.8x ATR wide at the start.
14 Oct 2026 · 14:00 PKT Chart pattern
Head & Shoulders forming
SIEM has completed a head & shoulders on the hourly chart with the head at 1,840.00 and the neckline at 1,563.54.
13 Oct 2026 · 12:30 PKT Chart pattern