PSX · TECHNOLOGY & COMMUNICATION · 30 Min
STL Head & Shoulders forming
Supernet Technologies Limited · 27 Oct 2026 · 15:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 22.12
- ▼ 0.58%
- Target
- 20.73
- -6.3%
- Invalidation
- —
- ATR
- 0.15
- 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
STL has completed a head & shoulders on the 30-minute chart with the head at 23.45 and the neckline at 22.01.
The pattern is confirmed by a 30-minute close below 21.98. The measured move from the neckline points to 20.73 (-5.8%). A close beyond the head at 23.45 cancels it.
Structure: bearish external, bearish internal (strong high 23.45). Nearest supply OB 22.78 - 22.85.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 22.12.
- 2 The target, 20.73 (-6.3%), 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.