PSX · TRANSPORT · 1 Hour
BLUEX Head & Shoulders forming
Blue-Ex Limited · 30 Oct 2026 · 08:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 5.59
- ▼ 2.10%
- Target
- 3.93
- -29.7%
- Invalidation
- —
- ATR
- 0.16
- 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
BLUEX has completed a head & shoulders on the hourly chart with the head at 6.24 and the neckline at 4.93.
The pattern is confirmed by a hourly close below 4.90. The measured move from the neckline points to 3.93 (-20.2%). A close beyond the head at 6.24 cancels it.
Structure: bullish external, bearish internal (strong low 4.90). Nearest supply OB 6.25 - 6.38.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 5.59.
- 2 The target, 3.93 (-29.7%), 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.