PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
COLG Rising Wedge breakdown
Colgate-Palmolive (Pakistan) Limited · 11 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 1,195.00 on the breakout. Target 1,164.36, invalidation 1,209.00.
Trade plan
● Active- Close
- 1,195.00
- ▼ 0.33%
- Target
- 1,164.36
- -2.6%
- Invalidation
- 1,209.00
- +1.2%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 21.65
- Price now
- 1,193.12 -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
COLG broke below its rising wedge on the hourly close at 1,195.00.
Projected target 1,164.36 (-2.6%). The pattern is invalidated beyond 1,209.00 (+1.2%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 1,050.00). Nearest demand OB 1,073.52 - 1,081.50, supply OB 1,230.02 - 1,240.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 1,195.00.
- 2 The target, 1,164.36 (-2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,209.00 (+1.2%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.