PSX · INSURANCE · Daily
SHNI Head & Shoulders breakdown
Shaheen Insurance Company Limited · 30 Oct 2026
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 8.00 on the breakout. Target 3.75, invalidation 9.19.
Trade plan
- Close
- 8.00
- ▼ 5.66%
- Target
- 3.75
- -53.1%
- Invalidation
- 9.19
- +14.9%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.51
- 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 Daily candles · click to enlarge
The breakdown
SHNI broke below its head & shoulders on the daily close at 8.00.
Projected target 3.75 (-53.1%). The pattern is invalidated beyond 9.19 (+14.9%), a reward-to-risk of about 3.6 : 1.
Structure: bullish external, bullish internal (strong low 5.24). Nearest demand OB 7.01 - 7.59.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 8.00.
- 2 The target, 3.75 (-53.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.19 (+14.9%), cancels the setup.
- 4 Reward : risk is 3.6 : 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.