PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
ICIBL Head & Shoulders forming
Invest Capital Investment Bank Limited · 28 Oct 2026 · 13:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 15.50
- ▲ 0.00%
- Target
- 11.01
- -29.0%
- Invalidation
- —
- ATR
- 0.16
- 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
ICIBL has completed a head & shoulders on the 30-minute chart with the head at 17.90 and the neckline at 14.15.
The pattern is confirmed by a 30-minute close below 14.12. The measured move from the neckline points to 11.01 (-22.2%). A close beyond the head at 17.90 cancels it.
Structure: bearish external, bearish internal (strong high 17.90). Nearest supply OB 16.11 - 16.80.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 15.50.
- 2 The target, 11.01 (-29.0%), 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.