PSX · CHEMICAL · 30 Min
LCI Rising Wedge breakdown
Lucky Core Industries Limited · 06 Nov 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 184.50 on the breakout. Target 176.83, invalidation 188.00.
Trade plan
✕ Invalidated- Close
- 184.50
- ▼ 0.58%
- Target
- 176.83
- -4.2%
- Invalidation
- 188.00
- +1.9%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 1.59
- Price now
- 187.50 +1.6%
- Resolved
- 06 Nov · 14:30
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
LCI broke below its rising wedge on the 30-minute close at 184.50.
Projected target 176.83 (-4.2%). The pattern is invalidated beyond 188.00 (+1.9%), a reward-to-risk of about 2.2 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 195.00). Nearest demand OB 180.50 - 181.50, supply OB 192.00 - 192.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 184.50.
- 2 The target, 176.83 (-4.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 188.00 (+1.9%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.