PSX · COMMERCIAL BANKS · 1 Hour
SNBL Descending Triangle forming
Soneri Bank Limited · 19 Oct 2026 · 13:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 19.07
- ▼ 0.05%
- Upper line
- 19.52
- +2.4%
- Lower line
- 18.80
- -1.4%
- ATR
- 0.17
- 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 1 Hour candles · click to enlarge
The breakdown
SNBL is compressing inside a descending triangle on the hourly chart - 5 swing points, 7.8x ATR wide at the start.
Upper line 19.52, lower line 18.80. The pattern favours a downside resolution: a hourly close above 19.55 confirms an upside breakout, a close below 18.77 a downside break.
Structure: bearish external, bearish internal (strong high 29.80). Nearest supply OB 19.96 - 20.04.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 19.52 (+2.4%) would be an upside breakout.
- 3 A 1 hour close below 18.80 (-1.4%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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).