PSX · VANASPATI & ALLIED INDUSTRIES · 1 Hour
SSOM Rising Wedge breakdown
S.S.Oil Mills Limited · 29 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 406.26 on the breakout. Target 389.35, invalidation 429.00.
Trade plan
● Active- Close
- 406.26
- ▼ 0.21%
- Target
- 389.35
- -4.2%
- Invalidation
- 429.00
- +5.6%
RiskReward
- Reward : risk
- 0.7 : 1
- ATR
- 6.97
- Price now
- 408.98 +0.7%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
SSOM broke below its rising wedge on the hourly close at 406.26.
Projected target 389.35 (-4.2%). The pattern is invalidated beyond 429.00 (+5.6%), a reward-to-risk of about 0.7 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 The breakout was confirmed by the 1 hour candle closing below the pattern at 406.26.
- 2 The target, 389.35 (-4.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 429.00 (+5.6%), cancels the setup.
- 4 Reward : risk is 0.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.