PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
BWHL Falling Wedge breakout
Baluchistan Wheels Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 214.79 on the breakout. Target 234.86, invalidation 211.00.
Trade plan
● Active- Close
- 214.79
- ▲ 0.37%
- Target
- 234.86
- +9.3%
- Invalidation
- 211.00
- -1.8%
RiskReward
- Reward : risk
- 5.3 : 1
- ATR
- 0.71
- Price now
- 214.80 0.0%
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
BWHL broke above its falling wedge on the 30-minute close at 214.79.
Projected target 234.86 (+9.3%). The pattern is invalidated beyond 211.00 (-1.8%), a reward-to-risk of about 5.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 247.99). Nearest demand OB 200.00 - 201.13.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 214.79.
- 2 The target, 234.86 (+9.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 211.00 (-1.8%), cancels the setup.
- 4 Reward : risk is 5.3 : 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.