PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
POL Falling Wedge breakout
Pakistan Oilfields Limited · 06 Nov 2026 · 16:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 662.90 on the breakout. Target 674.05, invalidation 657.60.
Trade plan
● Active- Close
- 662.90
- ▲ 0.14%
- Target
- 674.05
- +1.7%
- Invalidation
- 657.60
- -0.8%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 2.79
- Price now
- 665.00 +0.3%
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
POL broke above its falling wedge on the 30-minute close at 662.90.
Projected target 674.05 (+1.7%). The pattern is invalidated beyond 657.60 (-0.8%), a reward-to-risk of about 2.1 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 676.88). Nearest supply OB 762.00 - 766.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 662.90.
- 2 The target, 674.05 (+1.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 657.60 (-0.8%), cancels the setup.
- 4 Reward : risk is 2.1 : 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.