PSX · MODARABAS · 30 Min
FEM Descending Triangle breakout
First Equity Modaraba · 19 Oct 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 12.85 on the breakout. Target 12.85, invalidation 11.51.
Trade plan
● Active- Close
- 12.85
- ▲ 7.26%
- Target
- 12.85
- 0.0%
- Invalidation
- 11.51
- -10.4%
RiskReward
- ATR
- 0.27
- Price now
- 12.80 -0.4%
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
FEM broke above its descending triangle on the 30-minute close at 12.85.
Projected target 12.85 (+0.0%). The pattern is invalidated beyond 11.51 (-10.4%), a reward-to-risk of about 0.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 9.41). Nearest demand OB 11.51 - 11.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 12.85.
- 2 The target, 12.85 (0.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 11.51 (-10.4%), cancels the setup.
- 4 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).