PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
TREET Head & Shoulders forming
Treet Corporation Limited · 22 Oct 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 22.84
- ▼ 0.48%
- Target
- 19.43
- -14.9%
- Invalidation
- —
- ATR
- 0.21
- 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
TREET has completed a head & shoulders on the 30-minute chart with the head at 25.38 and the neckline at 22.72.
The pattern is confirmed by a 30-minute close below 22.68. The measured move from the neckline points to 19.43 (-14.5%). A close beyond the head at 25.38 cancels it.
Structure: bullish external, bearish internal (strong low 20.03). Nearest demand OB 22.02 - 22.39, supply OB 25.41 - 25.59.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 22.84.
- 2 The target, 19.43 (-14.9%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.