PSX · MODARABAS · 30 Min
FTSM Falling Wedge breakout
First Tri-Star Modaraba · 21 Oct 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 30.45 on the breakout. Target 36.50, invalidation 32.13.
Trade plan
✕ Invalidated- Close
- 30.45
- ▲ 1.53%
- Target
- 36.50
- +19.9%
- Invalidation
- 32.13
- +5.5%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.92
- Price now
- 30.05 -1.3%
- Resolved
- 21 Oct · 12:30
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
FTSM broke above its falling wedge on the 30-minute close at 30.45.
Projected target 36.50 (+19.9%). The pattern is invalidated beyond 32.13 (+5.5%), a reward-to-risk of about 3.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 49.20). Nearest demand OB 19.75 - 19.80, supply OB 29.95 - 31.40.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 30.45.
- 2 The target, 36.50 (+19.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.13 (+5.5%), cancels the setup.
- 4 Reward : risk is 3.6 : 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.