PSX · TEXTILE SPINNING · 30 Min
KOSM Symmetrical Triangle forming
Kohinoor Spinning Mills Limited · 19 Oct 2026 · 15:00 PKT
◆ Neutral Forming Chart pattern
Lines to watch
Awaiting breakout- Close
- 5.42
- ▼ 0.37%
- Upper line
- 5.64
- +4.1%
- Lower line
- 5.32
- -1.8%
- ATR
- 0.08
- 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
KOSM is compressing inside a symmetrical triangle on the 30-minute chart - 5 swing points, 8.4x ATR wide at the start.
Upper line 5.64, lower line 5.32. The pattern has no built-in bias: a 30-minute close above 5.66 confirms an upside breakout, a close below 5.30 a downside break.
Structure: bullish external, bullish internal (strong low 4.95). Nearest demand OB 5.03 - 5.05, supply OB 6.45 - 6.48.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 5.64 (+4.1%) would be an upside breakout.
- 3 A 30 min close below 5.32 (-1.8%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.