PSX · CABLE & ELECTRICAL GOODS · 30 Min
WAVES Rising Wedge breakout
Waves Corporation Limited · 12 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.52 on the breakout. Target 10.53, invalidation 8.25.
Trade plan
● Active- Close
- 9.52
- ▲ 1.82%
- Target
- 10.53
- +10.6%
- Invalidation
- 8.25
- -13.3%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 0.12
- Price now
- 9.26 -2.7%
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
WAVES broke above its rising wedge on the 30-minute close at 9.52.
Projected target 10.53 (+10.6%). The pattern is invalidated beyond 8.25 (-13.3%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 7.90). Nearest demand OB 9.12 - 9.28, supply OB 9.58 - 9.65.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.52.
- 2 The target, 10.53 (+10.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.25 (-13.3%), cancels the setup.
- 4 Reward : risk is 0.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.