PSX · CABLE & ELECTRICAL GOODS · 30 Min
SIEM Descending Triangle breakdown
Siemens (Pakistan) Engineering · 19 Oct 2026 · 13:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 1,570.00 on the breakout. Target 1,528.74, invalidation 1,639.98.
Trade plan
● Active- Close
- 1,570.00
- ▼ 0.63%
- Target
- 1,528.74
- -2.6%
- Invalidation
- 1,639.98
- +4.5%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 15.23
- Price now
- 1,565.00 -0.3%
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
SIEM broke below its descending triangle on the 30-minute close at 1,570.00.
Projected target 1,528.74 (-2.6%). The pattern is invalidated beyond 1,639.98 (+4.5%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 1,644.50). Nearest bullish FVG 1,565.20 - 1,570.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 1,570.00.
- 2 The target, 1,528.74 (-2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,639.98 (+4.5%), cancels the setup.
- 4 Reward : risk is 0.6 : 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).