PSX · COMMERCIAL BANKS · 30 Min
ABL Inverse Head & Shoulders forming
Allied Bank Limited · 21 Oct 2026 · 13:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 169.85
- ▲ 0.50%
- Target
- 183.24
- +7.9%
- Invalidation
- —
- ATR
- 0.73
- 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
ABL has completed an inverse head & shoulders on the 30-minute chart with the head at 164.00 and the neckline at 175.18.
The pattern is confirmed by a 30-minute close above 175.33. The measured move from the neckline points to 183.24 (+4.6%). A close beyond the head at 164.00 cancels it.
Structure: bearish external, bullish internal (strong high 173.98). Nearest supply OB 174.51 - 175.72.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 169.85.
- 2 The target, 183.24 (+7.9%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.