PSX · MODARABAS · 30 Min
FFLM Head & Shoulders forming
First Fidelity Leasing Modaraba · 04 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 11.90
- ▲ 2.50%
- Target
- 10.28
- -13.6%
- Invalidation
- —
- ATR
- 0.15
- 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
FFLM has completed a head & shoulders on the 30-minute chart with the head at 12.39 and the neckline at 11.46.
The pattern is confirmed by a 30-minute close below 11.43. The measured move from the neckline points to 10.28 (-10.3%). A close beyond the head at 12.39 cancels it.
Structure: bullish external, bearish internal (strong low 6.11). Nearest demand OB 9.30 - 9.65, supply OB 11.99 - 12.39.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 11.90.
- 2 The target, 10.28 (-13.6%), 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.