PSX · GLASS & CERAMICS · 30 Min
GHGL Rising Wedge breakdown
Ghani Glass Limited · 11 Nov 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 39.50 on the breakout. Target 37.73, invalidation 40.60.
Trade plan
- Close
- 39.50
- ▼ 1.25%
- Target
- 37.73
- -4.5%
- Invalidation
- 40.60
- +2.8%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.36
- 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
GHGL broke below its rising wedge on the 30-minute close at 39.50.
Projected target 37.73 (-4.5%). The pattern is invalidated beyond 40.60 (+2.8%), a reward-to-risk of about 1.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 45.10). Nearest demand OB 38.10 - 38.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 39.50.
- 2 The target, 37.73 (-4.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 40.60 (+2.8%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.