PSX · ENGINEERING · 1 Hour
INIL Falling Wedge breakdown
International Industries Limited · 29 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 147.50 on the breakout. Target 134.66, invalidation 155.90.
Trade plan
● Active- Close
- 147.50
- ▼ 1.67%
- Target
- 134.66
- -8.7%
- Invalidation
- 155.90
- +5.7%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 1.84
- Price now
- 146.99 -0.4%
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
INIL broke below its falling wedge on the hourly close at 147.50.
Projected target 134.66 (-8.7%). The pattern is invalidated beyond 155.90 (+5.7%), a reward-to-risk of about 1.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 195.00). Nearest demand OB 142.40 - 143.50, supply OB 153.61 - 155.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 147.50.
- 2 The target, 134.66 (-8.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 155.90 (+5.7%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.