PSX · VANASPATI & ALLIED INDUSTRIES · 1 Hour
SSOM Rising Wedge forming
S.S.Oil Mills Limited · 29 Oct 2026 · 13:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 407.10
- ▲ 0.00%
- Upper line
- 432.00
- +6.1%
- Lower line
- 407.00
- 0.0%
- ATR
- 7.34
- 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 1 Hour candles · click to enlarge
The breakdown
SSOM is compressing inside a rising wedge on the hourly chart - 5 swing points, 8.3x ATR wide at the start.
Upper line 432.00, lower line 407.00. The pattern favours a downside resolution: a hourly close above 433.47 confirms an upside breakout, a close below 405.53 a downside break.
Structure: bullish external, bullish internal (strong low 380.00). Nearest demand OB 380.00 - 386.00, supply OB 472.00 - 486.00.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 1 hour chart.
- 2 A 1 hour close above 432.00 (+6.1%) would be an upside breakout.
- 3 A 1 hour close below 407.00 (0.0%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.