PSX · COMMERCIAL BANKS · 1 Hour
BOP Inverse Head & Shoulders forming
The Bank of Punjab · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 28.85
- ▲ 2.60%
- Target
- 32.28
- +11.9%
- Invalidation
- —
- ATR
- 0.35
- 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
BOP has completed an inverse head & shoulders on the hourly chart with the head at 26.66 and the neckline at 29.32.
The pattern is confirmed by a hourly close above 29.39. The measured move from the neckline points to 32.28 (+10.1%). A close beyond the head at 26.66 cancels it.
Structure: bullish external, bullish internal (strong low 23.32). Nearest demand OB 27.50 - 27.75, supply OB 30.58 - 30.71.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 28.85.
- 2 The target, 32.28 (+11.9%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.