PSX · VANASPATI & ALLIED INDUSTRIES · 30 Min
SSOM Rising Wedge breakdown
S.S.Oil Mills Limited · 30 Oct 2026 · 16:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 405.07 on the breakout. Target 395.06, invalidation 429.00.
Trade plan
● Active- Close
- 405.07
- ▼ 0.55%
- Target
- 395.06
- -2.5%
- Invalidation
- 429.00
- +5.9%
RiskReward
- Reward : risk
- 0.4 : 1
- ATR
- 5.44
- Price now
- 405.07 0.0%
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
SSOM broke below its rising wedge on the 30-minute close at 405.07.
Projected target 395.06 (-2.5%). The pattern is invalidated beyond 429.00 (+5.9%), a reward-to-risk of about 0.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 566.00). Nearest demand OB 380.00 - 386.00, supply OB 430.43 - 439.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 405.07.
- 2 The target, 395.06 (-2.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 429.00 (+5.9%), cancels the setup.
- 4 Reward : risk is 0.4 : 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.