PSX · PROPERTY · 30 Min
PACE Rising Wedge breakdown
Pace (Pakistan) Limited · 12 Nov 2026 · 12:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 9.23 on the breakout. Target 9.14, invalidation 9.75.
Trade plan
● Active- Close
- 9.23
- ▼ 1.60%
- Target
- 9.14
- -1.0%
- Invalidation
- 9.75
- +5.6%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 0.13
- Price now
- 9.22 -0.1%
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
PACE broke below its rising wedge on the 30-minute close at 9.23.
Projected target 9.14 (-1.0%). The pattern is invalidated beyond 9.75 (+5.6%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 10.38). Nearest supply OB 10.05 - 10.17.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 9.23.
- 2 The target, 9.14 (-1.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.75 (+5.6%), cancels the setup.
- 4 Reward : risk is 0.2 : 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.