PSX · INSURANCE · 30 Min
SHNI Falling Wedge breakout
Shaheen Insurance Company Limited · 27 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 8.42 on the breakout. Target 8.84, invalidation 7.61.
Trade plan
● Active- Close
- 8.42
- ▲ 4.08%
- Target
- 8.84
- +5.0%
- Invalidation
- 7.61
- -9.6%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.23
- Price now
- 8.10 -3.8%
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
SHNI broke above its falling wedge on the 30-minute close at 8.42.
Projected target 8.84 (+5.0%). The pattern is invalidated beyond 7.61 (-9.6%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 6.61). Nearest demand OB 7.35 - 7.36, supply OB 9.75 - 9.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 8.42.
- 2 The target, 8.84 (+5.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.61 (-9.6%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.