PSX · CABLE & ELECTRICAL GOODS · 30 Min
FCL Inverse Head & Shoulders breakout
Fast Cables Limited · 05 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 23.37 on the breakout. Target 24.67, invalidation 22.66.
Trade plan
● Active- Close
- 23.37
- ▲ 0.34%
- Target
- 24.67
- +5.6%
- Invalidation
- 22.66
- -3.0%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.21
- Price now
- 23.43 +0.3%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
FCL broke above its inverse head & shoulders on the 30-minute close at 23.37.
Projected target 24.67 (+5.6%). The pattern is invalidated beyond 22.66 (-3.0%), a reward-to-risk of about 1.8 : 1.
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 23.37.
- 2 The target, 24.67 (+5.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.66 (-3.0%), cancels the setup.
- 4 Reward : risk is 1.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.