PSX · ENGINEERING · 30 Min
CSAP Rising Wedge forming
Crescent Steel & Allied Products Limited · 13 Nov 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Lines to watch
Awaiting breakout- Close
- 89.01
- ▲ 2.91%
- Upper line
- 90.98
- +2.2%
- Lower line
- 85.17
- -4.3%
- ATR
- 0.94
- 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
CSAP is compressing inside a rising wedge on the 30-minute chart - 5 swing points, 9.6x ATR wide at the start.
Upper line 90.98, lower line 85.17. The pattern favours a downside resolution: a 30-minute close above 91.17 confirms an upside breakout, a close below 84.98 a downside break.
Structure: bullish external, bullish internal (strong low 77.10). Nearest demand OB 79.80 - 80.05, supply OB 90.32 - 90.47.
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 90.98 (+2.2%) would be an upside breakout.
- 3 A 30 min close below 85.17 (-4.3%) would be a downside breakout.
- 4 Until one of the lines breaks, there is no target or invalidation level.
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.