PSX · TEXTILE COMPOSITE · 30 Min
JUBS Falling Wedge breakout
Jubilee Spinning & Weaving Mills Ltd. · 26 Oct 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 44.00 on the breakout. Target 46.39, invalidation 40.00.
Trade plan
✕ Invalidated- Close
- 44.00
- ▲ 7.19%
- Target
- 46.39
- +5.4%
- Invalidation
- 40.00
- -9.1%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 1.33
- Price now
- 44.00 0.0%
- Resolved
- 26 Oct · 12:30
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
JUBS broke above its falling wedge on the 30-minute close at 44.00.
Projected target 46.39 (+5.4%). The pattern is invalidated beyond 40.00 (-9.1%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 28.00). Nearest demand OB 31.55 - 33.95, supply OB 56.00 - 56.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 44.00.
- 2 The target, 46.39 (+5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 40.00 (-9.1%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.