PSX · MISCELLANEOUS · Daily
UDLI Falling Wedge forming
UDL International Limited · 19 Oct 2026
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 16.56
- ▼ 0.24%
- Upper line
- 16.56
- 0.0%
- Lower line
- 15.03
- -9.2%
- ATR
- 0.67
- 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 Daily candles · click to enlarge
The breakdown
UDLI is compressing inside a falling wedge on the daily chart - 5 swing points, 9.8x ATR wide at the start.
Upper line 16.56, lower line 15.03. The pattern favours an upside resolution: a daily close above 16.69 confirms an upside breakout, a close below 14.90 a downside break.
Structure: bearish external, bearish internal (strong high 24.93). Nearest demand OB 12.05 - 13.00, supply OB 18.11 - 18.79.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 16.56 (0.0%) would be an upside breakout.
- 3 A daily close below 15.03 (-9.2%) 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.