PSX · INSURANCE · 30 Min
JLICL Rising Wedge breakdown
Jubilee Life Insurance Company Limited · 05 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 100.31 on the breakout. Target 99.43, invalidation 102.99.
Trade plan
✕ Invalidated- Close
- 100.31
- ▼ 1.37%
- Target
- 99.43
- -0.9%
- Invalidation
- 102.99
- +2.7%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.77
- Price now
- 103.10 +2.8%
- Resolved
- 05 Nov · 11:30
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
JLICL broke below its rising wedge on the 30-minute close at 100.31.
Projected target 99.43 (-0.9%). The pattern is invalidated beyond 102.99 (+2.7%), 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 146.66). Nearest demand OB 98.01 - 99.00, supply OB 103.50 - 103.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 100.31.
- 2 The target, 99.43 (-0.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 102.99 (+2.7%), 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 rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.