PSX · MISCELLANEOUS · Daily
PABC Falling Wedge forming
Pakistan Aluminium Beverage Cans Limited · 26 Oct 2026
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 91.75
- ▲ 0.63%
- Upper line
- 98.76
- +7.6%
- Lower line
- 85.87
- -6.4%
- ATR
- 3.92
- 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 Daily candles · click to enlarge
The breakdown
PABC is compressing inside a falling wedge on the daily chart - 5 swing points, 6.1x ATR wide at the start.
Upper line 98.76, lower line 85.87. The pattern favours an upside resolution: a daily close above 99.54 confirms an upside breakout, a close below 85.09 a downside break.
Structure: bullish external, bullish internal (strong low 43.55). Nearest demand OB 82.90 - 86.75, supply OB 108.00 - 109.24.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 98.76 (+7.6%) would be an upside breakout.
- 3 A daily close below 85.87 (-6.4%) 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.