PSX · CHEMICAL · 1 Hour
LOTCHEM Rising Wedge breakdown
Lotte Chemical Pakistan Limited · 13 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 24.79 on the breakout. Target 23.87, invalidation 25.49.
Trade plan
● Active- Close
- 24.79
- ▲ 0.41%
- Target
- 23.87
- -3.7%
- Invalidation
- 25.49
- +2.8%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.29
- Price now
- 24.79 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
LOTCHEM broke below its rising wedge on the hourly close at 24.79.
Projected target 23.87 (-3.7%). The pattern is invalidated beyond 25.49 (+2.8%), a reward-to-risk of about 1.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 34.30). Nearest demand OB 23.71 - 23.97, supply OB 26.20 - 26.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 24.79.
- 2 The target, 23.87 (-3.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 25.49 (+2.8%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.