PSX · AUTOMOBILE ASSEMBLER · 1 Hour
GAL Falling Wedge breakout
Ghandhara Automobiles Limited · 27 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 497.00 on the breakout. Target 497.52, invalidation 468.80.
Trade plan
● Active- Close
- 497.00
- ▲ 2.47%
- Target
- 497.52
- +0.1%
- Invalidation
- 468.80
- -5.7%
RiskReward
- Reward : risk
- 0.0 : 1
- ATR
- 5.67
- Price now
- 497.00 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
GAL broke above its falling wedge on the hourly close at 497.00.
Projected target 497.52 (+0.1%). The pattern is invalidated beyond 468.80 (-5.7%), a reward-to-risk of about 0.0 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 672.97). Nearest demand OB 468.80 - 478.10, supply OB 498.00 - 503.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 497.00.
- 2 The target, 497.52 (+0.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 468.80 (-5.7%), cancels the setup.
- 4 Reward : risk is 0.0 : 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.