PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
786 Head & Shoulders breakdown
786 Investments Limited · 26 Oct 2026 · 10:00 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 19.86 on the breakout. Target 17.12, invalidation 21.23.
Trade plan
● Active- Close
- 19.86
- ▼ 2.12%
- Target
- 17.12
- -13.8%
- Invalidation
- 21.23
- +6.9%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.50
- Price now
- 20.01 +0.8%
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
786 broke below its head & shoulders on the 30-minute close at 19.86.
Projected target 17.12 (-13.8%). The pattern is invalidated beyond 21.23 (+6.9%), a reward-to-risk of about 2.0 : 1.
Structure: bearish external, bearish internal (strong high 29.35). Nearest supply OB 20.22 - 20.83.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 19.86.
- 2 The target, 17.12 (-13.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 21.23 (+6.9%), cancels the setup.
- 4 Reward : risk is 2.0 : 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.