PSX · AUTOMOBILE PARTS & ACCESSORIES · 30 Min
ATBA Inverse Head & Shoulders forming
Atlas Battery Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 160.01
- ▲ 0.39%
- Target
- 178.14
- +11.3%
- Invalidation
- —
- ATR
- 1.55
- 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
ATBA has completed an inverse head & shoulders on the 30-minute chart with the head at 152.52 and the neckline at 167.02.
The pattern is confirmed by a 30-minute close above 167.33. The measured move from the neckline points to 178.14 (+6.7%). A close beyond the head at 152.52 cancels it.
Structure: bullish external, bullish internal (strong low 155.06). Nearest demand OB 156.10 - 159.00, supply OB 180.00 - 184.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 160.01.
- 2 The target, 178.14 (+11.3%), 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.