PSX · CABLE & ELECTRICAL GOODS · 30 Min
FCL Inverse Head & Shoulders forming
Fast Cables Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 23.30
- ▲ 1.48%
- Target
- 24.68
- +5.9%
- Invalidation
- —
- ATR
- 0.21
- 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
FCL has completed an inverse head & shoulders on the 30-minute chart with the head at 21.95 and the neckline at 23.27.
The pattern is confirmed by a 30-minute close above 23.31. The measured move from the neckline points to 24.68 (+6.1%). A close beyond the head at 21.95 cancels it.
Structure: bearish external, bullish internal (strong high 29.75). Nearest demand OB 21.21 - 21.44, supply OB 23.84 - 24.19.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 23.30.
- 2 The target, 24.68 (+5.9%), is the pattern's height projected from the breakout.
- 3 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.