PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
TSBL Head & Shoulders breakdown
Trust Securities & Brokerage Limited · 30 Oct 2026 · 15:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 2.18 on the breakout. Target 2.00, invalidation 2.28.
Trade plan
● Active- Close
- 2.18
- ▼ 0.46%
- Target
- 2.00
- -8.3%
- Invalidation
- 2.28
- +4.6%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.03
- Price now
- 2.19 +0.5%
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
TSBL broke below its head & shoulders on the 30-minute close at 2.18.
Projected target 2.00 (-8.3%). The pattern is invalidated beyond 2.28 (+4.6%), a reward-to-risk of about 1.8 : 1.
Structure: bearish external, bullish internal (strong high 2.83). Nearest demand OB 1.96 - 2.01, supply OB 2.46 - 2.51.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 2.18.
- 2 The target, 2.00 (-8.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 2.28 (+4.6%), cancels the setup.
- 4 Reward : risk is 1.8 : 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.