PSX · TEXTILE COMPOSITE · 30 Min
ILP Falling Wedge forming
Interloop Limited · 26 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 92.00
- ▲ 0.22%
- Upper line
- 92.66
- +0.7%
- Lower line
- 89.72
- -2.5%
- ATR
- 0.76
- 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
ILP is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 7.2x ATR wide at the start.
Upper line 92.66, lower line 89.72. The pattern favours an upside resolution: a 30-minute close above 92.81 confirms an upside breakout, a close below 89.57 a downside break.
Structure: bullish external, bearish internal (strong low 78.00). Nearest demand OB 85.15 - 85.49, supply OB 96.60 - 97.97.
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 92.66 (+0.7%) would be an upside breakout.
- 3 A 30 min close below 89.72 (-2.5%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.