PSX · MODARABAS · 30 Min
FTSM Falling Wedge forming
First Tri-Star Modaraba · 19 Oct 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 31.19
- ▼ 8.24%
- Upper line
- 33.45
- +7.2%
- Lower line
- 30.84
- -1.1%
- ATR
- 0.95
- 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
FTSM is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 8.1x ATR wide at the start.
Upper line 33.45, lower line 30.84. The pattern favours an upside resolution: a 30-minute close above 33.64 confirms an upside breakout, a close below 30.65 a downside break.
Structure: bearish external, bearish internal (strong high 49.20). Nearest demand OB 19.75 - 19.80, supply OB 33.98 - 34.99.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 33.45 (+7.2%) would be an upside breakout.
- 3 A 30 min close below 30.84 (-1.1%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.