PSX · REAL ESTATE INVESTMENT TRUST · 30 Min
GRR Falling Wedge forming
Globe Residency REIT · 03 Nov 2026 · 12:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 16.49
- ▲ 0.24%
- Upper line
- 16.52
- +0.2%
- Lower line
- 15.92
- -3.5%
- ATR
- 0.16
- 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
GRR is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 6.2x ATR wide at the start.
Upper line 16.52, lower line 15.92. The pattern favours an upside resolution: a 30-minute close above 16.55 confirms an upside breakout, a close below 15.89 a downside break.
Structure: bearish external, bearish internal (strong high 17.20). Nearest supply OB 22.12 - 22.27.
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 16.52 (+0.2%) would be an upside breakout.
- 3 A 30 min close below 15.92 (-3.5%) 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.