PSX · CHEMICAL · 1 Hour
GCWL Falling Wedge breakout
Ghani Chemworld Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 11.65 on the breakout. Target 13.62, invalidation 11.02.
Trade plan
● Active- Close
- 11.65
- ▲ 2.01%
- Target
- 13.62
- +16.9%
- Invalidation
- 11.02
- -5.4%
RiskReward
- Reward : risk
- 3.1 : 1
- ATR
- 0.21
- Price now
- 11.48 -1.5%
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
GCWL broke above its falling wedge on the hourly close at 11.65.
Projected target 13.62 (+16.9%). The pattern is invalidated beyond 11.02 (-5.4%), a reward-to-risk of about 3.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 12.05). Nearest supply OB 14.03 - 14.24.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 11.65.
- 2 The target, 13.62 (+16.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 11.02 (-5.4%), cancels the setup.
- 4 Reward : risk is 3.1 : 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.