PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
TOMCL Head & Shoulders forming
The Organic Meat Company Limited · 04 Nov 2026 · 13:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 27.54
- ▼ 0.83%
- Target
- 24.33
- -11.7%
- Invalidation
- —
- ATR
- 0.29
- 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
TOMCL has completed a head & shoulders on the 30-minute chart with the head at 29.25 and the neckline at 26.77.
The pattern is confirmed by a 30-minute close below 26.71. The measured move from the neckline points to 24.33 (-9.1%). A close beyond the head at 29.25 cancels it.
Structure: bearish external, bearish internal (strong high 41.41). Nearest supply OB 29.70 - 30.16.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 27.54.
- 2 The target, 24.33 (-11.7%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.