PSX · MISCELLANEOUS · 1 Hour
PSEL Falling Wedge breakout
Pakistan Services Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 976.02 on the breakout. Target 1,081.86, invalidation 911.00.
Trade plan
● Active- Close
- 976.02
- ▼ 1.41%
- Target
- 1,081.86
- +10.8%
- Invalidation
- 911.00
- -6.7%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 16.04
- Price now
- 980.00 +0.4%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
PSEL broke above its falling wedge on the hourly close at 976.02.
Projected target 1,081.86 (+10.8%). The pattern is invalidated beyond 911.00 (-6.7%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 1,635.00). Nearest demand OB 880.36 - 908.00, supply OB 1,290.00 - 1,300.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 976.02.
- 2 The target, 1,081.86 (+10.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 911.00 (-6.7%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.