PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
JSCL Falling Wedge breakout
Jahangir Siddiqui & Co. Ltd. · 03 Nov 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 19.45 on the breakout. Target 21.64, invalidation 18.80.
Trade plan
● Active- Close
- 19.45
- ▲ 1.83%
- Target
- 21.64
- +11.3%
- Invalidation
- 18.80
- -3.3%
RiskReward
- Reward : risk
- 3.4 : 1
- ATR
- 0.24
- Price now
- 19.12 -1.7%
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
JSCL broke above its falling wedge on the 30-minute close at 19.45.
Projected target 21.64 (+11.3%). The pattern is invalidated beyond 18.80 (-3.3%), a reward-to-risk of about 3.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 20.95). Nearest supply OB 19.90 - 20.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 19.45.
- 2 The target, 21.64 (+11.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.80 (-3.3%), cancels the setup.
- 4 Reward : risk is 3.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.