PSX · CHEMICAL · 30 Min
BERG Falling Wedge breakdown
Berger Paints Pakistan Limited · 21 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 105.80 on the breakout. Target 104.14, invalidation 114.50.
Trade plan
● Active- Close
- 105.80
- ▼ 0.98%
- Target
- 104.14
- -1.6%
- Invalidation
- 114.50
- +8.2%
RiskReward
- Reward : risk
- 0.2 : 1
- ATR
- 1.18
- Price now
- 106.35 +0.5%
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
BERG broke below its falling wedge on the 30-minute close at 105.80.
Projected target 104.14 (-1.6%). The pattern is invalidated beyond 114.50 (+8.2%), a reward-to-risk of about 0.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 96.10). Nearest supply OB 112.03 - 113.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 105.80.
- 2 The target, 104.14 (-1.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 114.50 (+8.2%), cancels the setup.
- 4 Reward : risk is 0.2 : 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.