PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
BNL Head & Shoulders breakdown
Bunnys Limited · 23 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 4.95 on the breakout. Target 4.65, invalidation 5.19.
Trade plan
● Active- Close
- 4.95
- ▼ 1.00%
- Target
- 4.65
- -6.1%
- Invalidation
- 5.19
- +4.8%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.08
- Price now
- 4.96 +0.2%
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
BNL broke below its head & shoulders on the 30-minute close at 4.95.
Projected target 4.65 (-6.1%). The pattern is invalidated beyond 5.19 (+4.8%), a reward-to-risk of about 1.2 : 1.
Structure: bearish external, bullish internal (strong high 6.00). Nearest supply OB 5.52 - 5.60.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 4.95.
- 2 The target, 4.65 (-6.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 5.19 (+4.8%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.