PSX · PHARMACEUTICALS · 1 Hour
HINOON Head & Shoulders breakdown
Highnoon Laboratories Limited · 03 Nov 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 920.02 on the breakout. Target 863.44, invalidation 941.00.
Trade plan
✕ Invalidated- Close
- 920.02
- ▼ 0.65%
- Target
- 863.44
- -6.1%
- Invalidation
- 941.00
- +2.3%
RiskReward
- Reward : risk
- 2.7 : 1
- ATR
- 6.14
- Price now
- 990.00 +7.6%
- Resolved
- 03 Nov · 14:30
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
HINOON broke below its head & shoulders on the hourly close at 920.02.
Projected target 863.44 (-6.1%). The pattern is invalidated beyond 941.00 (+2.3%), a reward-to-risk of about 2.7 : 1.
Structure: bullish external, bullish internal (strong low 755.56). Nearest demand OB 832.15 - 851.00, supply OB 1,000.01 - 1,013.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 920.02.
- 2 The target, 863.44 (-6.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 941.00 (+2.3%), cancels the setup.
- 4 Reward : risk is 2.7 : 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.