PSX · EXCHANGE TRADED FUNDS · Daily
ACIETF Falling Wedge breakout
Alfalah Consumer Index (ETF) · 05 Nov 2026
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 16.75 on the breakout. Target 17.93, invalidation 15.44.
Trade plan
- Close
- 16.75
- ▲ 3.46%
- Target
- 17.93
- +7.0%
- Invalidation
- 15.44
- -7.8%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.35
- 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 Daily candles · click to enlarge
The breakdown
ACIETF broke above its falling wedge on the daily close at 16.75.
Projected target 17.93 (+7.0%). The pattern is invalidated beyond 15.44 (-7.8%), 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 21.50). Nearest demand OB 14.20 - 15.16.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 16.75.
- 2 The target, 17.93 (+7.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 15.44 (-7.8%), 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.