PSX · CEMENT · 1 Hour
LUCK Inverse Head & Shoulders breakout
Lucky Cement Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 403.00 on the breakout. Target 420.21, invalidation 390.15.
Trade plan
● Active- Close
- 403.00
- ▲ 1.74%
- Target
- 420.21
- +4.3%
- Invalidation
- 390.15
- -3.2%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 3.63
- Price now
- 402.00 -0.3%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
LUCK broke above its inverse head & shoulders on the hourly close at 403.00.
Projected target 420.21 (+4.3%). The pattern is invalidated beyond 390.15 (-3.2%), a reward-to-risk of about 1.3 : 1.
Structure: bearish external, bullish internal (strong high 407.00). Nearest demand OB 390.15 - 394.25, supply OB 408.00 - 409.90.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 403.00.
- 2 The target, 420.21 (+4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 390.15 (-3.2%), cancels the setup.
- 4 Reward : risk is 1.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.