PSX · TEXTILE WEAVING · 30 Min
PRWM Descending Triangle breakdown
Prosperity Weaving Mills Limited · 19 Oct 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 57.13 on the breakout. Target 50.88, invalidation 61.89.
Trade plan
● Active- Close
- 57.13
- ▼ 1.50%
- Target
- 50.88
- -10.9%
- Invalidation
- 61.89
- +8.3%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 1.19
- Price now
- 56.99 -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
PRWM broke below its descending triangle on the 30-minute close at 57.13.
Projected target 50.88 (-10.9%). The pattern is invalidated beyond 61.89 (+8.3%), 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: bullish external, bearish internal (strong low 52.50). Nearest demand OB 49.93 - 52.10, supply OB 58.79 - 59.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 57.13.
- 2 The target, 50.88 (-10.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 61.89 (+8.3%), cancels the setup.
- 4 Reward : risk is 1.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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).