PSX · TEXTILE SPINNING · 30 Min
RUBY Falling Wedge breakout
Ruby Textile Mills Limited · 20 Oct 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 19.50 on the breakout. Target 20.79, invalidation 18.31.
Trade plan
● Active- Close
- 19.50
- ▲ 0.00%
- Target
- 20.79
- +6.6%
- Invalidation
- 18.31
- -6.1%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.29
- Price now
- 19.60 +0.5%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
RUBY broke above its falling wedge on the 30-minute close at 19.50.
Projected target 20.79 (+6.6%). The pattern is invalidated beyond 18.31 (-6.1%), a reward-to-risk of about 1.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 15.31). Nearest demand OB 17.80 - 18.00, supply OB 29.33 - 30.11.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 19.50.
- 2 The target, 20.79 (+6.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.31 (-6.1%), cancels the setup.
- 4 Reward : risk is 1.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.