PSX · INSURANCE · 30 Min
TPLL Falling Wedge forming
TPL Life Insurance Limited · 11 Nov 2026 · 11:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 12.90
- ▼ 2.27%
- Upper line
- 13.14
- +1.9%
- Lower line
- 11.70
- -9.3%
- ATR
- 0.24
- 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
TPLL is compressing inside a falling wedge on the 30-minute chart - 5 swing points, 11.7x ATR wide at the start.
Upper line 13.14, lower line 11.70. The pattern favours an upside resolution: a 30-minute close above 13.19 confirms an upside breakout, a close below 11.65 a downside break.
Structure: bearish external, bullish internal (strong high 14.53). Nearest demand OB 12.20 - 12.56, supply OB 14.10 - 14.53.
How to read this signal
- 1 Not triggered yet: the pattern is still forming on the 30 min chart.
- 2 A 30 min close above 13.14 (+1.9%) would be an upside breakout.
- 3 A 30 min close below 11.70 (-9.3%) 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.