PSX · EXCHANGE TRADED FUNDS · 30 Min
UBLPETF Head & Shoulders breakdown
UBLPakistan Enterprise ETF · 20 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 27.73 on the breakout. Target 26.20, invalidation 27.97.
Trade plan
● Active- Close
- 27.73
- ▼ 0.43%
- Target
- 26.20
- -5.5%
- Invalidation
- 27.97
- +0.9%
RiskReward
- Reward : risk
- 6.4 : 1
- ATR
- 0.07
- Price now
- 27.80 +0.3%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
UBLPETF broke below its head & shoulders on the 30-minute close at 27.73.
Projected target 26.20 (-5.5%). The pattern is invalidated beyond 27.97 (+0.9%), a reward-to-risk of about 6.4 : 1.
Structure: bearish external, bearish internal (strong high 28.99). Nearest supply OB 30.85 - 30.99.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 27.73.
- 2 The target, 26.20 (-5.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 27.97 (+0.9%), cancels the setup.
- 4 Reward : risk is 6.4 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.