PSX · CHEMICAL · 30 Min
GCWL Head & Shoulders breakdown
Ghani Chemworld Limited · 30 Oct 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 11.37 on the breakout. Target 8.85, invalidation 12.00.
Trade plan
● Active- Close
- 11.37
- ▼ 1.04%
- Target
- 8.85
- -22.2%
- Invalidation
- 12.00
- +5.5%
RiskReward
- Reward : risk
- 4.0 : 1
- ATR
- 0.12
- Price now
- 11.20 -1.5%
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
GCWL broke below its head & shoulders on the 30-minute close at 11.37.
Projected target 8.85 (-22.2%). The pattern is invalidated beyond 12.00 (+5.5%), a reward-to-risk of about 4.0 : 1.
Structure: bearish external, bearish internal (strong high 12.05). Nearest supply OB 11.70 - 11.87.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 11.37.
- 2 The target, 8.85 (-22.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.00 (+5.5%), cancels the setup.
- 4 Reward : risk is 4.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.