PSX · LEATHER & TANNERIES · 1 Hour
SGF Inverse Head & Shoulders breakout
Service GlobalFootwear Limited · 21 Oct 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 108.00 on the breakout. Target 115.08, invalidation 104.41.
Trade plan
● Active- Close
- 108.00
- ▲ 0.81%
- Target
- 115.08
- +6.6%
- Invalidation
- 104.41
- -3.3%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.96
- Price now
- 108.00 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
SGF broke above its inverse head & shoulders on the hourly close at 108.00.
Projected target 115.08 (+6.6%). The pattern is invalidated beyond 104.41 (-3.3%), a reward-to-risk of about 2.0 : 1.
Structure: bullish external, bearish internal (strong low 96.00). Nearest demand OB 96.62 - 97.40, supply OB 112.66 - 114.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 108.00.
- 2 The target, 115.08 (+6.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 104.41 (-3.3%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.