PSX · TEXTILE COMPOSITE · 30 Min
ILP Falling Wedge breakout
Interloop Limited · 28 Oct 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 91.72 on the breakout. Target 93.96, invalidation 90.03.
Trade plan
● Active- Close
- 91.72
- ▲ 0.55%
- Target
- 93.96
- +2.4%
- Invalidation
- 90.03
- -1.8%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.53
- Price now
- 92.50 +0.9%
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
ILP broke above its falling wedge on the 30-minute close at 91.72.
Projected target 93.96 (+2.4%). The pattern is invalidated beyond 90.03 (-1.8%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 78.00). Nearest demand OB 85.15 - 85.49, supply OB 96.60 - 97.97.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 91.72.
- 2 The target, 93.96 (+2.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 90.03 (-1.8%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.