PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
ATBA Head & Shoulders forming
Atlas Battery Limited · 03 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 157.99
- ▼ 0.62%
- Target
- 119.03
- -24.7%
- Invalidation
- —
- ATR
- 2.32
- 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
ATBA has completed a head & shoulders on the hourly chart with the head at 186.90 and the neckline at 151.29.
The pattern is confirmed by a hourly close below 150.83. The measured move from the neckline points to 119.03 (-21.3%). A close beyond the head at 186.90 cancels it.
Structure: bullish external, bullish internal (strong low 155.06). Nearest demand OB 157.10 - 161.90, supply OB 201.55 - 207.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 157.99.
- 2 The target, 119.03 (-24.7%), is the pattern's height projected from the breakout.
- 3 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.