PSX · CEMENT · 1 Hour
GWLC Falling Wedge breakout
Gharibwal Cement Limited · 22 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 46.70 on the breakout. Target 47.79, invalidation 44.03.
Trade plan
● Active- Close
- 46.70
- ▲ 4.94%
- Target
- 47.79
- +2.3%
- Invalidation
- 44.03
- -5.7%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 0.97
- Price now
- 46.70 0.0%
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
GWLC broke above its falling wedge on the hourly close at 46.70.
Projected target 47.79 (+2.3%). The pattern is invalidated beyond 44.03 (-5.7%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 51.90). Nearest demand OB 38.75 - 39.60, supply OB 50.50 - 51.25.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 46.70.
- 2 The target, 47.79 (+2.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 44.03 (-5.7%), cancels the setup.
- 4 Reward : risk is 0.4 : 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.