PSX · COMMERCIAL BANKS · 1 Hour
BOP Inverse Head & Shoulders breakout
The Bank of Punjab · 04 Nov 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 30.67 on the breakout. Target 32.25, invalidation 27.85.
Trade plan
● Active- Close
- 30.67
- ▲ 5.29%
- Target
- 32.25
- +5.2%
- Invalidation
- 27.85
- -9.2%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 0.44
- Price now
- 30.90 +0.8%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
BOP broke above its inverse head & shoulders on the hourly close at 30.67.
Projected target 32.25 (+5.2%). The pattern is invalidated beyond 27.85 (-9.2%), a reward-to-risk of about 0.6 : 1.
Structure: bullish external, bullish internal (strong low 23.32). Nearest demand OB 28.11 - 28.44, supply OB 34.28 - 34.75.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 30.67.
- 2 The target, 32.25 (+5.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 27.85 (-9.2%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.