PSX · EXCHANGE TRADED FUNDS · 30 Min
NITGETF Inverse Head & Shoulders breakout
NIT Pakistan Gateway ETF · 04 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 33.48 on the breakout. Target 35.41, invalidation 32.18.
Trade plan
● Active- Close
- 33.48
- ▲ 1.30%
- Target
- 35.41
- +5.8%
- Invalidation
- 32.18
- -3.9%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.20
- Price now
- 33.57 +0.3%
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
NITGETF broke above its inverse head & shoulders on the 30-minute close at 33.48.
Projected target 35.41 (+5.8%). The pattern is invalidated beyond 32.18 (-3.9%), a reward-to-risk of about 1.5 : 1.
Structure: bearish external, bearish internal (strong high 37.60). Nearest bullish FVG 32.93 - 33.48.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 33.48.
- 2 The target, 35.41 (+5.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 32.18 (-3.9%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.