PSX · TEXTILE SPINNING · Daily
DMC Falling Wedge breakout
D.M. Corporation Limited. · 27 Oct 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 178.45 on the breakout. Target 227.70, invalidation 142.10.
Trade plan
- Close
- 178.45
- ▲ 8.47%
- Target
- 227.70
- +27.6%
- Invalidation
- 142.10
- -20.4%
RiskReward
- Reward : risk
- 1.4 : 1
- ATR
- 16.75
- 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
DMC broke above its falling wedge on the daily close at 178.45.
Projected target 227.70 (+27.6%). The pattern is invalidated beyond 142.10 (-20.4%), a reward-to-risk of about 1.4 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 351.90). Nearest demand OB 105.71 - 127.44.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 178.45.
- 2 The target, 227.70 (+27.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 142.10 (-20.4%), cancels the setup.
- 4 Reward : risk is 1.4 : 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.