PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
LOADS Rising Wedge forming
Loads Limited · 05 Nov 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern With the trend
Lines to watch
Awaiting breakout- Close
- 12.09
- ▲ 0.75%
- Upper line
- 12.32
- +1.9%
- Lower line
- 11.69
- -3.3%
- ATR
- 0.11
- 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
LOADS is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 9.6x ATR wide at the start.
Upper line 12.32, lower line 11.69. The pattern favours a downside resolution: a 30-minute close above 12.34 confirms an upside breakout, a close below 11.67 a downside break.
Structure: bearish external, bullish internal (strong high 12.30). Nearest demand OB 11.78 - 11.85, supply OB 13.04 - 13.20.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 12.32 (+1.9%) would be an upside breakout.
- 3 A 30 min close below 11.69 (-3.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.