PSX · CLOSE - END MUTUAL FUND · 1 Hour
TSMF Head & Shoulders forming
Tri-Star Mutual Fund Limited · 22 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 15.74
- ▲ 1.55%
- Target
- 9.22
- -41.4%
- Invalidation
- —
- ATR
- 0.49
- 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
TSMF has completed a head & shoulders on the hourly chart with the head at 19.00 and the neckline at 13.93.
The pattern is confirmed by a hourly close below 13.83. The measured move from the neckline points to 9.22 (-33.8%). A close beyond the head at 19.00 cancels it.
Structure: bullish external, bearish internal (strong low 13.72). Nearest demand OB 13.80 - 14.00, supply OB 15.75 - 16.67.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 15.74.
- 2 The target, 9.22 (-41.4%), 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.