PSX · INSURANCE · 30 Min
TPLL Falling Wedge breakout
TPL Life Insurance Limited · 11 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 12.99 on the breakout. Target 14.47, invalidation 12.20.
Trade plan
- Close
- 12.99
- ▲ 0.70%
- Target
- 14.47
- +11.4%
- Invalidation
- 12.20
- -6.1%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.20
- 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 broke above its falling wedge on the 30-minute close at 12.99.
Projected target 14.47 (+11.4%). The pattern is invalidated beyond 12.20 (-6.1%), a reward-to-risk of about 1.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
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 The breakout was confirmed by the 30 min candle closing above the pattern at 12.99.
- 2 The target, 14.47 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.20 (-6.1%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
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.