PSX · CHEMICAL · 30 Min
BERG Falling Wedge forming
Berger Paints Pakistan Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 111.39
- ▼ 1.12%
- Upper line
- 113.74
- +2.1%
- Lower line
- 107.20
- -3.8%
- ATR
- 1.18
- 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
BERG is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 7.7x ATR wide at the start.
Upper line 113.74, lower line 107.20. The pattern favours an upside resolution: a 30-minute close above 113.98 confirms an upside breakout, a close below 106.96 a downside break.
Structure: bullish external, bullish internal (strong low 96.10). Nearest supply OB 131.35 - 135.75.
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 113.74 (+2.1%) would be an upside breakout.
- 3 A 30 min close below 107.20 (-3.8%) 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.