PSX · TEXTILE SPINNING · 30 Min
JATM Rising Wedge breakdown
J.A. Textile Mills Limited · 03 Nov 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 71.49 on the breakout. Target 60.90, invalidation 76.50.
Trade plan
✕ Invalidated- Close
- 71.49
- ▼ 3.65%
- Target
- 60.90
- -14.8%
- Invalidation
- 76.50
- +7.0%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 2.63
- Price now
- 72.00 +0.7%
- Resolved
- 03 Nov · 13:00
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
JATM broke below its rising wedge on the 30-minute close at 71.49.
Projected target 60.90 (-14.8%). The pattern is invalidated beyond 76.50 (+7.0%), a reward-to-risk of about 2.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bullish internal (strong low 41.75). Nearest demand OB 56.55 - 57.03.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 71.49.
- 2 The target, 60.90 (-14.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 76.50 (+7.0%), cancels the setup.
- 4 Reward : risk is 2.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.