PSX · MODARABAS · Daily
UCAPM Rising Wedge breakdown
Unicap Modaraba · 05 Nov 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 20.58 on the breakout. Target 14.12, invalidation 27.95.
Trade plan
- Close
- 20.58
- ▼ 10.01%
- Target
- 14.12
- -31.4%
- Invalidation
- 27.95
- +35.8%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 2.02
- 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
UCAPM broke below its rising wedge on the daily close at 20.58.
Projected target 14.12 (-31.4%). The pattern is invalidated beyond 27.95 (+35.8%), 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: bullish external, bullish internal (strong low 3.15). Nearest demand OB 5.06 - 5.30.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 20.58.
- 2 The target, 14.12 (-31.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 27.95 (+35.8%), 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 rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.