PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
PSX Inverse Head & Shoulders breakout
Pakistan Stock Exchange Limited · 03 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 41.39 on the breakout. Target 44.51, invalidation 39.50.
Trade plan
● Active- Close
- 41.39
- ▲ 0.41%
- Target
- 44.51
- +7.5%
- Invalidation
- 39.50
- -4.6%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.37
- Price now
- 41.30 -0.2%
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
PSX broke above its inverse head & shoulders on the 30-minute close at 41.39.
Projected target 44.51 (+7.5%). The pattern is invalidated beyond 39.50 (-4.6%), a reward-to-risk of about 1.7 : 1.
Structure: bearish external, bearish internal (strong high 42.44). Nearest demand OB 38.00 - 38.42, supply OB 45.25 - 45.74.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 41.39.
- 2 The target, 44.51 (+7.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 39.50 (-4.6%), cancels the setup.
- 4 Reward : risk is 1.7 : 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.