PSX · INSURANCE · 1 Hour
ALAC Inverse Head & Shoulders breakout
Askari Life Assurance Company Limited · 19 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 24.19 on the breakout. Target 27.28, invalidation 22.60.
Trade plan
● Active- Close
- 24.19
- ▲ 5.63%
- Target
- 27.28
- +12.8%
- Invalidation
- 22.60
- -6.6%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.46
- Price now
- 24.10 -0.4%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
ALAC broke above its inverse head & shoulders on the hourly close at 24.19.
Projected target 27.28 (+12.8%). The pattern is invalidated beyond 22.60 (-6.6%), a reward-to-risk of about 1.9 : 1.
Structure: bullish external, bearish internal (strong low 15.01). Nearest demand OB 20.20 - 20.70, supply OB 24.20 - 24.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 24.19.
- 2 The target, 27.28 (+12.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.60 (-6.6%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.