PSX · PHARMACEUTICALS · Daily
MACTER Falling Wedge forming
Macter International Limited · 05 Nov 2026
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 238.00
- ▲ 4.43%
- Upper line
- 253.94
- +6.7%
- Lower line
- 217.18
- -8.7%
- ATR
- 9.14
- 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
MACTER is compressing inside a falling wedge on the daily chart - 5 swing points, 9.8x ATR wide at the start.
Upper line 253.94, lower line 217.18. The pattern favours an upside resolution: a daily close above 255.77 confirms an upside breakout, a close below 215.35 a downside break.
Structure: bearish external, bearish internal (strong high 621.82). Nearest demand OB 160.00 - 169.00, supply OB 347.77 - 355.10.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the daily chart.
- 2 A daily close above 253.94 (+6.7%) would be an upside breakout.
- 3 A daily close below 217.18 (-8.7%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.