PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
MFL Inverse Head & Shoulders forming
Matco Foods Limited · 28 Oct 2026 · 14:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 43.99
- ▲ 0.69%
- Target
- 47.91
- +8.9%
- Invalidation
- —
- ATR
- 0.45
- 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
MFL has completed an inverse head & shoulders on the 30-minute chart with the head at 42.00 and the neckline at 44.70.
The pattern is confirmed by a 30-minute close above 44.79. The measured move from the neckline points to 47.91 (+7.2%). A close beyond the head at 42.00 cancels it.
Structure: bearish external, bearish internal (strong high 51.65). Nearest demand OB 38.50 - 38.80, supply OB 46.40 - 47.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 43.99.
- 2 The target, 47.91 (+8.9%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.