PSX · INSURANCE · 30 Min
PAKRI Rising Wedge forming
Pakistan Reinsurance Company Limited · 12 Nov 2026 · 12:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 16.45
- ▼ 0.90%
- Upper line
- 16.83
- +2.3%
- Lower line
- 16.41
- -0.2%
- ATR
- 0.10
- 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
PAKRI is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 11.3x ATR wide at the start.
Upper line 16.83, lower line 16.41. The pattern favours a downside resolution: a 30-minute close above 16.85 confirms an upside breakout, a close below 16.39 a downside break.
Structure: bearish external, bearish internal (strong high 19.90). Nearest demand OB 15.80 - 15.99, supply OB 16.60 - 16.71.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 16.83 (+2.3%) would be an upside breakout.
- 3 A 30 min close below 16.41 (-0.2%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.