PSX · CABLE & ELECTRICAL GOODS · 1 Hour
EMCO Falling Wedge breakout
Emco Industries Limited · 10 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 35.54 on the breakout. Target 37.68, invalidation 33.20.
Trade plan
● Active- Close
- 35.54
- ▲ 2.81%
- Target
- 37.68
- +6.0%
- Invalidation
- 33.20
- -6.6%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.69
- Price now
- 35.23 -0.9%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
EMCO broke above its falling wedge on the hourly close at 35.54.
Projected target 37.68 (+6.0%). The pattern is invalidated beyond 33.20 (-6.6%), 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, bullish internal (strong high 46.88). Nearest demand OB 34.02 - 34.76, supply OB 47.28 - 47.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 35.54.
- 2 The target, 37.68 (+6.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 33.20 (-6.6%), 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.