PSX · CHEMICAL · 1 Hour
WAHN Inverse Head & Shoulders forming
Wah Noble Chemicals Limited · 03 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 236.50
- ▲ 1.07%
- Target
- 271.55
- +14.8%
- Invalidation
- —
- ATR
- 2.97
- 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
WAHN has completed an inverse head & shoulders on the hourly chart with the head at 216.10 and the neckline at 246.20.
The pattern is confirmed by a hourly close above 246.79. The measured move from the neckline points to 271.55 (+10.3%). A close beyond the head at 216.10 cancels it.
Structure: bearish external, bullish internal (strong high 315.00). Nearest supply OB 244.46 - 250.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 236.50.
- 2 The target, 271.55 (+14.8%), is the pattern's height projected from the breakout.
- 3 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.