PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
MUREB Falling Wedge breakout
Murree Brewery Company Limited · 26 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 894.99 on the breakout. Target 917.57, invalidation 860.02.
Trade plan
● Active- Close
- 894.99
- ▲ 0.67%
- Target
- 917.57
- +2.5%
- Invalidation
- 860.02
- -3.9%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 10.50
- Price now
- 894.99 0.0%
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
MUREB broke above its falling wedge on the hourly close at 894.99.
Projected target 917.57 (+2.5%). The pattern is invalidated beyond 860.02 (-3.9%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 800.00). Nearest supply OB 1,064.98 - 1,070.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 894.99.
- 2 The target, 917.57 (+2.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 860.02 (-3.9%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.