PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
PASL Rising Wedge breakout
Pervez Ahmed Consultancy Services Ltd. · 30 Oct 2026 · 08:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 5.14 on the breakout. Target 5.35, invalidation 2.92.
Trade plan
✓ Target hit- Close
- 5.14
- ▲ 10.06%
- Target
- 5.35
- +4.1%
- Invalidation
- 2.92
- -43.2%
RiskReward
- Reward : risk
- 0.1 : 1
- ATR
- 0.27
- Price now
- 4.76 -7.4%
- Resolved
- 30 Oct · 09:30
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
PASL broke above its rising wedge on the hourly close at 5.14.
Projected target 5.35 (+4.1%). The pattern is invalidated beyond 2.92 (-43.2%), a reward-to-risk of about 0.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 1.76). Nearest demand OB 3.49 - 3.77.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 5.14.
- 2 The target, 5.35 (+4.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 2.92 (-43.2%), cancels the setup.
- 4 Reward : risk is 0.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.