PSX · CEMENT · 30 Min
MLCF Rising Wedge breakdown
Maple Leaf Cement Factory Limited · 12 Nov 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 106.00 on the breakout. Target 103.62, invalidation 108.87.
Trade plan
✓ Target hit- Close
- 106.00
- ▼ 0.69%
- Target
- 103.62
- -2.2%
- Invalidation
- 108.87
- +2.7%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 1.17
- Price now
- 103.70 -2.2%
- Resolved
- 12 Nov · 12:00
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
MLCF broke below its rising wedge on the 30-minute close at 106.00.
Projected target 103.62 (-2.2%). The pattern is invalidated beyond 108.87 (+2.7%), 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, bearish internal (strong low 85.50). Nearest demand OB 94.72 - 95.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 106.00.
- 2 The target, 103.62 (-2.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 108.87 (+2.7%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.