PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
DEL Falling Wedge breakout
Dawood Equities Limited · 04 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 15.20 on the breakout. Target 16.89, invalidation 14.06.
Trade plan
● Active- Close
- 15.20
- ▲ 1.33%
- Target
- 16.89
- +11.1%
- Invalidation
- 14.06
- -7.5%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.33
- Price now
- 15.01 -1.3%
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
DEL broke above its falling wedge on the 30-minute close at 15.20.
Projected target 16.89 (+11.1%). The pattern is invalidated beyond 14.06 (-7.5%), a reward-to-risk of about 1.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 18.50). Nearest supply OB 17.16 - 18.30.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 15.20.
- 2 The target, 16.89 (+11.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 14.06 (-7.5%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.