PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
AMBL Head & Shoulders forming
Apna Microfinance Bank Limited · 22 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 19.21
- ▼ 2.73%
- Target
- 14.83
- -22.8%
- Invalidation
- —
- ATR
- 0.25
- 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
AMBL has completed a head & shoulders on the hourly chart with the head at 21.50 and the neckline at 18.29.
The pattern is confirmed by a hourly close below 18.24. The measured move from the neckline points to 14.83 (-18.9%). A close beyond the head at 21.50 cancels it.
Structure: bearish external, bearish internal (strong high 41.00). Nearest demand OB 9.99 - 10.19, supply OB 22.00 - 22.35.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 19.21.
- 2 The target, 14.83 (-22.8%), 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.