PSX · LEASING COMPANIES · 30 Min
PGLC Symmetrical Triangle breakdown
Pak-Gulf Leasing Company Limited · 19 Oct 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout
Closed at 14.61 on the breakout. Target 13.07, invalidation 15.78.
Trade plan
● Active- Close
- 14.61
- ▼ 2.54%
- Target
- 13.07
- -10.5%
- Invalidation
- 15.78
- +8.0%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.37
- Price now
- 14.00 -4.2%
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
PGLC broke below its symmetrical triangle on the 30-minute close at 14.61.
Projected target 13.07 (-10.5%). The pattern is invalidated beyond 15.78 (+8.0%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 20.93). Nearest demand OB 13.60 - 14.00, supply OB 20.25 - 20.75.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 14.61.
- 2 The target, 13.07 (-10.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.78 (+8.0%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.