PSX · TEXTILE WEAVING · 1 Hour
ICCI Inverse Head & Shoulders forming
ICC Industries Limited · 27 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 15.99
- ▲ 2.24%
- Target
- 21.60
- +35.1%
- Invalidation
- —
- ATR
- 0.55
- 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 1 Hour candles · click to enlarge
The breakdown
ICCI has completed an inverse head & shoulders on the hourly chart with the head at 12.16 and the neckline at 16.72.
The pattern is confirmed by a hourly close above 16.83. The measured move from the neckline points to 21.60 (+29.2%). A close beyond the head at 12.16 cancels it.
Structure: bullish external, bullish internal (strong low 12.05). Nearest demand OB 8.90 - 9.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 15.99.
- 2 The target, 21.60 (+35.1%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.