PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
MARI Head & Shoulders breakdown
Mari Energies Limited · 21 Oct 2026 · 13:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 626.49 on the breakout. Target 601.02, invalidation 636.00.
Trade plan
✕ Invalidated- Close
- 626.49
- ▼ 0.21%
- Target
- 601.02
- -4.1%
- Invalidation
- 636.00
- +1.5%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 1.70
- Price now
- 633.49 +1.1%
- Resolved
- 21 Oct · 15:00
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
MARI broke below its head & shoulders on the 30-minute close at 626.49.
Projected target 601.02 (-4.1%). The pattern is invalidated beyond 636.00 (+1.5%), a reward-to-risk of about 2.7 : 1.
Structure: bearish external, bullish internal (strong high 699.80). Nearest supply OB 658.23 - 660.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 626.49.
- 2 The target, 601.02 (-4.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 636.00 (+1.5%), cancels the setup.
- 4 Reward : risk is 2.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.