PSX · POWER GENERATION & DISTRIBUTION · 30 Min
EPQL Ascending Triangle breakout
Engro Powergen Qadirpur Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 23.99 on the breakout. Target 24.48, invalidation 23.27.
Trade plan
● Active- Close
- 23.99
- ▲ 1.05%
- Target
- 24.48
- +2.0%
- Invalidation
- 23.27
- -3.0%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.20
- Price now
- 23.98 0.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
EPQL broke above its ascending triangle on the 30-minute close at 23.99.
Projected target 24.48 (+2.0%). The pattern is invalidated beyond 23.27 (-3.0%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 25.12). Nearest supply OB 24.23 - 24.35.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 23.99.
- 2 The target, 24.48 (+2.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.27 (-3.0%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.