PSX · REFINERY · 30 Min
CNERGY Head & Shoulders forming
Cnergyico PK Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 12.51
- ▼ 0.16%
- Target
- 11.47
- -8.3%
- Invalidation
- —
- ATR
- 0.13
- 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
CNERGY has completed a head & shoulders on the 30-minute chart with the head at 13.19 and the neckline at 12.38.
The pattern is confirmed by a 30-minute close below 12.35. The measured move from the neckline points to 11.47 (-7.4%). A close beyond the head at 13.19 cancels it.
Structure: bullish external, bullish internal (strong low 9.73). Nearest demand OB 12.23 - 12.30, supply OB 13.34 - 13.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 12.51.
- 2 The target, 11.47 (-8.3%), is the pattern's height projected from the breakout.
- 3 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.