PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
BNL Rising Wedge breakdown
Bunnys Limited · 13 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 5.51 on the breakout. Target 5.25, invalidation 5.80.
Trade plan
● Active- Close
- 5.51
- ▼ 1.08%
- Target
- 5.25
- -4.7%
- Invalidation
- 5.80
- +5.3%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.12
- Price now
- 5.51 0.0%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
BNL broke below its rising wedge on the hourly close at 5.51.
Projected target 5.25 (-4.7%). The pattern is invalidated beyond 5.80 (+5.3%), a reward-to-risk of about 0.9 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 6.00). Nearest demand OB 5.07 - 5.16, supply OB 6.06 - 6.13.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 5.51.
- 2 The target, 5.25 (-4.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.80 (+5.3%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.