PSX · LEATHER & TANNERIES · 30 Min
SGF Head & Shoulders forming
Service GlobalFootwear Limited · 19 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 105.50
- ▼ 0.10%
- Target
- 99.89
- -5.3%
- Invalidation
- —
- ATR
- 0.52
- 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
SGF has completed a head & shoulders on the 30-minute chart with the head at 108.98 and the neckline at 105.08.
The pattern is confirmed by a 30-minute close below 104.98. The measured move from the neckline points to 99.89 (-4.9%). A close beyond the head at 108.98 cancels it.
Structure: bearish external, bearish internal (strong high 125.25). Nearest demand OB 96.62 - 97.29, supply OB 113.37 - 113.63.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 105.50.
- 2 The target, 99.89 (-5.3%), 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.