PSX · OIL & GAS MARKETING COMPANIES · Daily
PSO Head & Shoulders forming
Pakistan State Oil Company Limited · 22 Oct 2026
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 350.56
- ▼ 1.67%
- Target
- 275.67
- -21.4%
- Invalidation
- —
- ATR
- 7.75
- 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 Daily candles · click to enlarge
The breakdown
PSO has completed a head & shoulders on the daily chart with the head at 390.98 and the neckline at 333.98.
The pattern is confirmed by a daily close below 332.43. The measured move from the neckline points to 275.67 (-17.5%). A close beyond the head at 390.98 cancels it.
Structure: bearish external, bearish internal (strong high 506.75). Nearest demand OB 260.00 - 274.90, supply OB 473.71 - 490.40.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 350.56.
- 2 The target, 275.67 (-21.4%), 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.