PSX · CHEMICAL · 1 Hour
EPCL Falling Wedge breakout
Engro Polymer & Chemicals Limited · 02 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 31.90 on the breakout. Target 33.10, invalidation 30.20.
Trade plan
● Active- Close
- 31.90
- ▲ 0.85%
- Target
- 33.10
- +3.8%
- Invalidation
- 30.20
- -5.3%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 0.33
- Price now
- 31.85 -0.2%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
EPCL broke above its falling wedge on the hourly close at 31.90.
Projected target 33.10 (+3.8%). The pattern is invalidated beyond 30.20 (-5.3%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 39.32). Nearest demand OB 29.01 - 29.95.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 31.90.
- 2 The target, 33.10 (+3.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 30.20 (-5.3%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.