PSX · INSURANCE · 30 Min
UNIC Rising Wedge breakdown
The United Insurance Company · 02 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 11.00 on the breakout. Target 10.86, invalidation 11.38.
Trade plan
● Active- Close
- 11.00
- ▼ 1.70%
- Target
- 10.86
- -1.3%
- Invalidation
- 11.38
- +3.5%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.12
- Price now
- 11.19 +1.7%
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
UNIC broke below its rising wedge on the 30-minute close at 11.00.
Projected target 10.86 (-1.3%). The pattern is invalidated beyond 11.38 (+3.5%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 10.67). Nearest demand OB 10.80 - 10.83, supply OB 11.99 - 12.14.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 11.00.
- 2 The target, 10.86 (-1.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 11.38 (+3.5%), cancels the setup.
- 4 Reward : risk is 0.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.