PSX · CHEMICAL · 1 Hour
DAAG Falling Wedge breakout
Data Agro Limited · 30 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 118.99 on the breakout. Target 128.90, invalidation 109.00.
Trade plan
● Active- Close
- 118.99
- ▲ 5.76%
- Target
- 128.90
- +8.3%
- Invalidation
- 109.00
- -8.4%
RiskReward
- Reward : risk
- 1.0 : 1
- ATR
- 3.77
- Price now
- 118.99 0.0%
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
DAAG broke above its falling wedge on the hourly close at 118.99.
Projected target 128.90 (+8.3%). The pattern is invalidated beyond 109.00 (-8.4%), a reward-to-risk of about 1.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 76.00). Nearest demand OB 80.00 - 85.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 118.99.
- 2 The target, 128.90 (+8.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 109.00 (-8.4%), cancels the setup.
- 4 Reward : risk is 1.0 : 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.