PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
OLPL Inverse Head & Shoulders forming
OLP Financial Services Pakistan Limited · 04 Nov 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 46.00
- ▲ 2.00%
- Target
- 51.70
- +12.4%
- Invalidation
- —
- ATR
- 0.41
- 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
OLPL has completed an inverse head & shoulders on the hourly chart with the head at 43.00 and the neckline at 47.74.
The pattern is confirmed by a hourly close above 47.82. The measured move from the neckline points to 51.70 (+8.3%). A close beyond the head at 43.00 cancels it.
Structure: bullish external, bearish internal (strong low 44.04). Nearest supply OB 50.00 - 51.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 46.00.
- 2 The target, 51.70 (+12.4%), 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.