PSX · CHEMICAL · 30 Min
BERG Falling Wedge breakout
Berger Paints Pakistan Limited · 04 Nov 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 103.45 on the breakout. Target 104.61, invalidation 100.00.
Trade plan
● Active- Close
- 103.45
- ▲ 1.42%
- Target
- 104.61
- +1.1%
- Invalidation
- 100.00
- -3.3%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.83
- Price now
- 102.48 -0.9%
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
BERG broke above its falling wedge on the 30-minute close at 103.45.
Projected target 104.61 (+1.1%). The pattern is invalidated beyond 100.00 (-3.3%), 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: bullish external, bearish internal (strong low 96.10). Nearest supply OB 107.90 - 109.38.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 103.45.
- 2 The target, 104.61 (+1.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 100.00 (-3.3%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.