PSX · COMMERCIAL BANKS · Daily
FABL Head & Shoulders forming
Faysal Bank Limited · 20 Oct 2026
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 91.03
- ▼ 0.15%
- Target
- 71.16
- -21.8%
- Invalidation
- —
- ATR
- 1.54
- 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 Daily candles · click to enlarge
The breakdown
FABL has completed a head & shoulders on the daily chart with the head at 106.00 and the neckline at 87.03.
The pattern is confirmed by a daily close below 86.72. The measured move from the neckline points to 71.16 (-18.2%). A close beyond the head at 106.00 cancels it.
Structure: bearish external, bullish internal (strong high 105.49). Nearest demand OB 85.86 - 87.98.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 91.03.
- 2 The target, 71.16 (-21.8%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.