PSX · PHARMACEUTICALS · 30 Min
CPHL Rising Wedge breakdown
Citi Pharma Ltd. · 13 Nov 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 62.60 on the breakout. Target 58.17, invalidation 65.44.
Trade plan
● Active- Close
- 62.60
- ▼ 1.42%
- Target
- 58.17
- -7.1%
- Invalidation
- 65.44
- +4.5%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.49
- Price now
- 62.83 +0.4%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
CPHL broke below its rising wedge on the 30-minute close at 62.60.
Projected target 58.17 (-7.1%). The pattern is invalidated beyond 65.44 (+4.5%), 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: bullish external, bearish internal (strong low 61.56). Nearest demand OB 61.65 - 62.21, supply OB 64.80 - 65.60.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 62.60.
- 2 The target, 58.17 (-7.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 65.44 (+4.5%), cancels the setup.
- 4 Reward : risk is 1.6 : 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.