PSX · REAL ESTATE INVESTMENT TRUST · 30 Min
GRR Falling Wedge breakdown
Globe Residency REIT · 02 Nov 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 16.06 on the breakout. Target 15.95, invalidation 16.94.
Trade plan
● Active- Close
- 16.06
- ▼ 0.74%
- Target
- 15.95
- -0.7%
- Invalidation
- 16.94
- +5.5%
RiskReward
- Reward : risk
- 0.1 : 1
- ATR
- 0.13
- Price now
- 16.29 +1.4%
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
GRR broke below its falling wedge on the 30-minute close at 16.06.
Projected target 15.95 (-0.7%). The pattern is invalidated beyond 16.94 (+5.5%), a reward-to-risk of about 0.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 17.20). Nearest supply OB 16.30 - 16.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 16.06.
- 2 The target, 15.95 (-0.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 16.94 (+5.5%), cancels the setup.
- 4 Reward : risk is 0.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.