PSX · COMMERCIAL BANKS · 30 Min
BML Head & Shoulders breakdown
Bank Makramah Limited · 30 Oct 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 58.70 on the breakout. Target 47.82, invalidation 59.60.
Trade plan
● Active- Close
- 58.70
- ▼ 0.68%
- Target
- 47.82
- -18.5%
- Invalidation
- 59.60
- +1.5%
RiskReward
- Reward : risk
- 12.1 : 1
- ATR
- 0.83
- Price now
- 58.25 -0.8%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
BML broke below its head & shoulders on the 30-minute close at 58.70.
Projected target 47.82 (-18.5%). The pattern is invalidated beyond 59.60 (+1.5%), a reward-to-risk of about 12.1 : 1.
Structure: bullish external, bullish internal (strong low 42.71). Nearest demand OB 58.40 - 58.60.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 58.70.
- 2 The target, 47.82 (-18.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 59.60 (+1.5%), cancels the setup.
- 4 Reward : risk is 12.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.