PSX · AUTOMOBILE ASSEMBLER · 1 Hour
GAL Falling Wedge breakout
Ghandhara Automobiles Limited · 21 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 483.80 on the breakout. Target 504.12, invalidation 473.00.
Trade plan
● Active- Close
- 483.80
- ▲ 2.04%
- Target
- 504.12
- +4.2%
- Invalidation
- 473.00
- -2.2%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 4.94
- Price now
- 485.22 +0.3%
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
GAL broke above its falling wedge on the hourly close at 483.80.
Projected target 504.12 (+4.2%). The pattern is invalidated beyond 473.00 (-2.2%), a reward-to-risk of about 1.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 672.97). Nearest demand OB 465.00 - 469.20, supply OB 498.00 - 503.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 483.80.
- 2 The target, 504.12 (+4.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 473.00 (-2.2%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the falling wedge
A falling wedge is two downward-sloping lines that converge; the selling loses momentum and a break above the upper line is usually bullish.
- Confirmation
- A close above the upper wedge line.
- Target
- The wedge's widest height, projected up from the breakout.
- Fails if
- A close back below the upper line or below the wedge's last low.