PSX · INSURANCE · 1 Hour
HICL Inverse Head & Shoulders forming
Habib Insurance Company Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 7.82
- ▼ 1.01%
- Target
- 9.28
- +18.7%
- Invalidation
- —
- ATR
- 0.14
- 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
HICL has completed an inverse head & shoulders on the hourly chart with the head at 7.46 and the neckline at 8.40.
The pattern is confirmed by a hourly close above 8.43. The measured move from the neckline points to 9.28 (+10.5%). A close beyond the head at 7.46 cancels it.
Structure: bullish external, bullish internal (strong low 6.04). Nearest demand OB 7.28 - 7.41, supply OB 8.50 - 8.67.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 7.82.
- 2 The target, 9.28 (+18.7%), is the pattern's height projected from the breakout.
- 3 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.