PSX · TEXTILE COMPOSITE · 30 Min
FASM Falling Wedge breakout
Faisal Spinning Mills Limited · 26 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 295.99 on the breakout. Target 315.55, invalidation 265.02.
Trade plan
● Active- Close
- 295.99
- ▲ 3.86%
- Target
- 315.55
- +6.6%
- Invalidation
- 265.02
- -10.5%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 7.71
- Price now
- 295.99 0.0%
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
FASM broke above its falling wedge on the 30-minute close at 295.99.
Projected target 315.55 (+6.6%). The pattern is invalidated beyond 265.02 (-10.5%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 240.02). Nearest supply OB 310.00 - 327.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 295.99.
- 2 The target, 315.55 (+6.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 265.02 (-10.5%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.