PSX · POWER GENERATION & DISTRIBUTION · 30 Min
ALTN Head & Shoulders breakdown
Altern Energy Limited · 27 Oct 2026 · 11:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 6.29 on the breakout. Target 5.73, invalidation 6.66.
Trade plan
● Active- Close
- 6.29
- ▼ 1.57%
- Target
- 5.73
- -8.9%
- Invalidation
- 6.66
- +5.9%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.14
- Price now
- 6.30 +0.2%
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
ALTN broke below its head & shoulders on the 30-minute close at 6.29.
Projected target 5.73 (-8.9%). The pattern is invalidated beyond 6.66 (+5.9%), a reward-to-risk of about 1.5 : 1.
Structure: bullish external, bearish internal (strong low 6.20). Nearest supply OB 6.76 - 6.90.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 6.29.
- 2 The target, 5.73 (-8.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 6.66 (+5.9%), cancels the setup.
- 4 Reward : risk is 1.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.