PSX · CEMENT · 30 Min
MLCF Inverse Head & Shoulders breakout
Maple Leaf Cement Factory Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 93.70 on the breakout. Target 98.44, invalidation 90.00.
Trade plan
● Active- Close
- 93.70
- ▲ 1.68%
- Target
- 98.44
- +5.1%
- Invalidation
- 90.00
- -3.9%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.64
- Price now
- 92.90 -0.9%
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
MLCF broke above its inverse head & shoulders on the 30-minute close at 93.70.
Projected target 98.44 (+5.1%). The pattern is invalidated beyond 90.00 (-3.9%), a reward-to-risk of about 1.3 : 1.
Structure: bullish external, bullish internal (strong low 85.50). Nearest demand OB 91.39 - 91.84, supply OB 93.86 - 94.53.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 93.70.
- 2 The target, 98.44 (+5.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 90.00 (-3.9%), cancels the setup.
- 4 Reward : risk is 1.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.