PSX · COMMERCIAL BANKS · 30 Min
SNBL Head & Shoulders breakdown
Soneri Bank Limited · 21 Oct 2026 · 12:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 18.87 on the breakout. Target 18.37, invalidation 19.20.
Trade plan
✕ Invalidated- Close
- 18.87
- ▼ 0.68%
- Target
- 18.37
- -2.6%
- Invalidation
- 19.20
- +1.7%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.08
- Price now
- 18.81 -0.3%
- Resolved
- 22 Oct · 09:30
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
SNBL broke below its head & shoulders on the 30-minute close at 18.87.
Projected target 18.37 (-2.6%). The pattern is invalidated beyond 19.20 (+1.7%), a reward-to-risk of about 1.5 : 1.
Structure: bearish external, bearish internal (strong high 24.59). Nearest supply OB 20.00 - 20.04.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 18.87.
- 2 The target, 18.37 (-2.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.20 (+1.7%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.