PSX · TECHNOLOGY & COMMUNICATION · 30 Min
STL Falling Wedge breakout
Supernet Technologies Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 21.92 on the breakout. Target 22.55, invalidation 21.20.
Trade plan
✓ Target hit- Close
- 21.92
- ▲ 1.58%
- Target
- 22.55
- +2.9%
- Invalidation
- 21.20
- -3.3%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.21
- Price now
- 23.23 +6.0%
- Resolved
- 05 Nov · 11:00
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
STL broke above its falling wedge on the 30-minute close at 21.92.
Projected target 22.55 (+2.9%). The pattern is invalidated beyond 21.20 (-3.3%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bearish internal (strong high 23.50). Nearest supply OB 23.91 - 24.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 21.92.
- 2 The target, 22.55 (+2.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 21.20 (-3.3%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.