PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
FCEL Falling Wedge breakout
First Capital Equities Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 4.64 on the breakout. Target 5.18, invalidation 4.00.
Trade plan
● Active- Close
- 4.64
- ▲ 2.66%
- Target
- 5.18
- +11.6%
- Invalidation
- 4.00
- -13.8%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 0.22
- Price now
- 4.80 +3.5%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
FCEL broke above its falling wedge on the hourly close at 4.64.
Projected target 5.18 (+11.6%). The pattern is invalidated beyond 4.00 (-13.8%), a reward-to-risk of about 0.8 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 6.26). Nearest supply OB 6.86 - 6.95.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 4.64.
- 2 The target, 5.18 (+11.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 4.00 (-13.8%), cancels the setup.
- 4 Reward : risk is 0.8 : 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.