PSX · PHARMACEUTICALS · 30 Min
MACTER Rising Wedge breakdown
Macter International Limited · 06 Nov 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 235.00 on the breakout. Target 228.79, invalidation 247.99.
Trade plan
● Active- Close
- 235.00
- ▼ 1.06%
- Target
- 228.79
- -2.6%
- Invalidation
- 247.99
- +5.5%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 3.67
- Price now
- 244.99 +4.3%
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
MACTER broke below its rising wedge on the 30-minute close at 235.00.
Projected target 228.79 (-2.6%). The pattern is invalidated beyond 247.99 (+5.5%), a reward-to-risk of about 0.5 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 276.99). Nearest demand OB 226.80 - 229.29, supply OB 257.18 - 261.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 235.00.
- 2 The target, 228.79 (-2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 247.99 (+5.5%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.