PSX · TEXTILE COMPOSITE · Daily
FASM Symmetrical Triangle breakdown
Faisal Spinning Mills Limited · 16 Oct 2026
▼ Bearish Breakout Pattern breakout
Closed at 288.72 on the breakout. Target 190.69, invalidation 393.86.
Trade plan
● Active- Close
- 288.72
- ▼ 6.87%
- Target
- 190.69
- -34.0%
- Invalidation
- 393.86
- +36.4%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 22.35
- Price now
- 288.72 0.0%
Outcome measured on the daily 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 Daily candles · click to enlarge
The breakdown
FASM broke below its symmetrical triangle on the daily close at 288.72.
Projected target 190.69 (-34.0%). The pattern is invalidated beyond 393.86 (+36.4%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 190.88). Nearest demand OB 163.00 - 165.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 288.72.
- 2 The target, 190.69 (-34.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 393.86 (+36.4%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.