PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
QUICE Head & Shoulders breakdown
Quice Food Industries Limited · 20 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 26.50 on the breakout. Target 15.61, invalidation 29.85.
Trade plan
● Active- Close
- 26.50
- ▼ 4.81%
- Target
- 15.61
- -41.1%
- Invalidation
- 29.85
- +12.6%
RiskReward
- Reward : risk
- 3.3 : 1
- ATR
- 0.84
- Price now
- 27.03 +2.0%
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
QUICE broke below its head & shoulders on the hourly close at 26.50.
Projected target 15.61 (-41.1%). The pattern is invalidated beyond 29.85 (+12.6%), a reward-to-risk of about 3.3 : 1.
Structure: bullish external, bullish internal (strong low 17.43). Nearest demand OB 25.01 - 25.35, supply OB 38.60 - 40.49.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 26.50.
- 2 The target, 15.61 (-41.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 29.85 (+12.6%), cancels the setup.
- 4 Reward : risk is 3.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.