PSX · COMMERCIAL BANKS · 30 Min
BML Head & Shoulders forming
Bank Makramah Limited · 23 Oct 2026 · 10:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 57.30
- ▼ 0.19%
- Target
- 45.07
- -21.3%
- Invalidation
- —
- ATR
- 0.81
- 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
BML has completed a head & shoulders on the 30-minute chart with the head at 64.56 and the neckline at 56.34.
The pattern is confirmed by a 30-minute close below 56.18. The measured move from the neckline points to 45.07 (-20.0%). A close beyond the head at 64.56 cancels it.
Structure: bearish external, bullish internal (strong high 62.99). Nearest demand OB 52.60 - 54.20.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 57.30.
- 2 The target, 45.07 (-21.3%), is the pattern's height projected from the breakout.
- 3 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.