PSX · REAL ESTATE INVESTMENT TRUST · 30 Min
GRR Falling Wedge breakout
Globe Residency REIT · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 16.53 on the breakout. Target 16.69, invalidation 16.00.
Trade plan
● Active- Close
- 16.53
- ▲ 0.92%
- Target
- 16.69
- +1.0%
- Invalidation
- 16.00
- -3.2%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.14
- Price now
- 16.40 -0.8%
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
GRR broke above its falling wedge on the 30-minute close at 16.53.
Projected target 16.69 (+1.0%). The pattern is invalidated beyond 16.00 (-3.2%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 17.20). Nearest supply OB 22.12 - 22.27.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 16.53.
- 2 The target, 16.69 (+1.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 16.00 (-3.2%), cancels the setup.
- 4 Reward : risk is 0.3 : 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.