PSX · Indices · Daily
KMI30 Falling Wedge breakout
KMI30 Index · 03 Nov 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 240,580.99 on the breakout. Target 255,748.23, invalidation 230,508.95.
Trade plan
- Close
- 240,580.99
- ▲ 0.99%
- Target
- 255,748.23
- +6.3%
- Invalidation
- 230,508.95
- -4.2%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 2,660.43
- 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 Daily candles · click to enlarge
The breakdown
KMI30 broke above its falling wedge on the daily close at 240,580.99.
Projected target 255,748.23 (+6.3%). The pattern is invalidated beyond 230,508.95 (-4.2%), a reward-to-risk of about 1.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 272,969.35). Nearest demand OB 193,046.31 - 195,753.45, supply OB 248,692.33 - 252,014.80.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 240,580.99.
- 2 The target, 255,748.23 (+6.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 230,508.95 (-4.2%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.