PSX · CHEMICAL · 1 Hour
PPVC Falling Wedge breakout
Pakistan PVC Limited · 04 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 15.99 on the breakout. Target 19.08, invalidation 14.51.
Trade plan
● Active- Close
- 15.99
- ▲ 1.85%
- Target
- 19.08
- +19.3%
- Invalidation
- 14.51
- -9.3%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 0.45
- Price now
- 15.99 0.0%
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
PPVC broke above its falling wedge on the hourly close at 15.99.
Projected target 19.08 (+19.3%). The pattern is invalidated beyond 14.51 (-9.3%), a reward-to-risk of about 2.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 20.50). Nearest supply OB 15.30 - 16.29.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 15.99.
- 2 The target, 19.08 (+19.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 14.51 (-9.3%), cancels the setup.
- 4 Reward : risk is 2.1 : 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.