PSX · CEMENT · 30 Min
MLCF Rising Wedge breakdown
Maple Leaf Cement Factory Limited · 11 Nov 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 105.20 on the breakout. Target 103.14, invalidation 108.87.
Trade plan
- Close
- 105.20
- ▼ 1.17%
- Target
- 103.14
- -2.0%
- Invalidation
- 108.87
- +3.5%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 1.24
- 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
MLCF broke below its rising wedge on the 30-minute close at 105.20.
Projected target 103.14 (-2.0%). The pattern is invalidated beyond 108.87 (+3.5%), a reward-to-risk of about 0.6 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bullish external, bearish internal (strong low 85.50). Nearest demand OB 94.72 - 95.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 105.20.
- 2 The target, 103.14 (-2.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 108.87 (+3.5%), cancels the setup.
- 4 Reward : risk is 0.6 : 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.