PSX · ENGINEERING · 30 Min
BECO Falling Wedge breakdown
Beco Steel Limited · 23 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 4.03 on the breakout. Target 3.83, invalidation 4.46.
Trade plan
● Active- Close
- 4.03
- ▼ 0.25%
- Target
- 3.83
- -5.0%
- Invalidation
- 4.46
- +10.7%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.04
- Price now
- 3.98 -1.2%
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
BECO broke below its falling wedge on the 30-minute close at 4.03.
Projected target 3.83 (-5.0%). The pattern is invalidated beyond 4.46 (+10.7%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 4.37). Nearest supply OB 4.12 - 4.14.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 4.03.
- 2 The target, 3.83 (-5.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4.46 (+10.7%), cancels the setup.
- 4 Reward : risk is 0.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.