PSX · VANASPATI & ALLIED INDUSTRIES · 30 Min
SSOM Rising Wedge forming
S.S.Oil Mills Limited · 30 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 409.00
- ▲ 1.23%
- Upper line
- 435.18
- +6.4%
- Lower line
- 406.10
- -0.7%
- ATR
- 5.54
- 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
SSOM is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 7.4x ATR wide at the start.
Upper line 435.18, lower line 406.10. The pattern favours a downside resolution: a 30-minute close above 436.29 confirms an upside breakout, a close below 404.99 a downside break.
Structure: bearish external, bullish internal (strong high 566.00). Nearest demand OB 380.00 - 386.00, supply OB 430.43 - 439.95.
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 435.18 (+6.4%) would be an upside breakout.
- 3 A 30 min close below 406.10 (-0.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.