PSX · CHEMICAL · 30 Min
GCWL Head & Shoulders forming
Ghani Chemworld Limited · 27 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 11.85
- ▼ 0.92%
- Target
- 8.98
- -24.2%
- Invalidation
- —
- ATR
- 0.13
- 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
GCWL has completed a head & shoulders on the 30-minute chart with the head at 14.43 and the neckline at 11.56.
The pattern is confirmed by a 30-minute close below 11.53. The measured move from the neckline points to 8.98 (-22.4%). A close beyond the head at 14.43 cancels it.
Structure: bearish external, bearish internal (strong high 12.30). Nearest supply OB 14.10 - 14.24.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 11.85.
- 2 The target, 8.98 (-24.2%), 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.