PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
JSCL Falling Wedge forming
Jahangir Siddiqui & Co. Ltd. · 03 Nov 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 19.10
- ▼ 0.93%
- Upper line
- 19.09
- -0.1%
- Lower line
- 18.67
- -2.3%
- ATR
- 0.23
- 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
JSCL is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 14.3x ATR wide at the start.
Upper line 19.09, lower line 18.67. The pattern favours an upside resolution: a 30-minute close above 19.14 confirms an upside breakout, a close below 18.62 a downside break.
Structure: bearish external, bearish internal (strong high 20.95). Nearest supply OB 19.90 - 20.95.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 19.09 (-0.1%) would be an upside breakout.
- 3 A 30 min close below 18.67 (-2.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.