PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
FCEL Inverse Head & Shoulders forming
First Capital Equities Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 4.65
- ▲ 2.88%
- Target
- 5.62
- +20.9%
- Invalidation
- —
- ATR
- 0.14
- 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
FCEL has completed an inverse head & shoulders on the 30-minute chart with the head at 4.00 and the neckline at 4.76.
The pattern is confirmed by a 30-minute close above 4.79. The measured move from the neckline points to 5.62 (+18.1%). A close beyond the head at 4.00 cancels it.
Structure: bearish external, bearish internal (strong high 6.16). Nearest bearish FVG 5.38 - 5.39.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 4.65.
- 2 The target, 5.62 (+20.9%), 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.