PSX · MODARABAS · Daily
FIBLM Head & Shoulders forming
First IBL Modaraba · 28 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 14.37
- ▼ 1.51%
- Target
- 1.59
- -88.9%
- Invalidation
- —
- ATR
- 1.19
- 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 Daily candles · click to enlarge
The breakdown
FIBLM has completed a head & shoulders on the daily chart with the head at 25.48 and the neckline at 13.88.
The pattern is confirmed by a daily close below 13.64. The measured move from the neckline points to 1.59 (-88.5%). A close beyond the head at 25.48 cancels it.
Structure: bullish external, bullish internal (strong low 2.11). Nearest demand OB 7.55 - 8.87.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 14.37.
- 2 The target, 1.59 (-88.9%), 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.