PSX · CHEMICAL · 1 Hour
EPCL Falling Wedge breakout
Engro Polymer & Chemicals Limited · 19 Oct 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 31.91 on the breakout. Target 33.95, invalidation 30.65.
Trade plan
● Active- Close
- 31.91
- ▲ 0.50%
- Target
- 33.95
- +6.4%
- Invalidation
- 30.65
- -3.9%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.36
- Price now
- 32.12 +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
EPCL broke above its falling wedge on the hourly close at 31.91.
Projected target 33.95 (+6.4%). The pattern is invalidated beyond 30.65 (-3.9%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 39.32). Nearest demand OB 29.00 - 30.24.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 31.91.
- 2 The target, 33.95 (+6.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 30.65 (-3.9%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.