IBLHL Head & Shoulders forming — 1 Hour chart signal

IBLHL has completed a head & shoulders on the hourly chart with the head at 49.50 and the neckline at 39.59.

The pattern is confirmed by a hourly close below 39.46. The measured move from the neckline points to 30.78 (-22.3%). A close beyond the head at 49.50 cancels it. Still active - first identified on 08 Oct 2026 09:30.

Structure: bearish external, bearish internal (strong high 153.00). Nearest demand OB 37.05 - 38.90, supply OB 58.11 - 59.01.