PSX · INSURANCE · 1 Hour
HICL Inverse Head & Shoulders breakout
Habib Insurance Company Limited · 05 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 8.78 on the breakout. Target 9.34, invalidation 7.75.
Trade plan
● Active- Close
- 8.78
- ▲ 3.42%
- Target
- 9.34
- +6.4%
- Invalidation
- 7.75
- -11.7%
RiskReward
- Reward : risk
- 0.5 : 1
- ATR
- 0.24
- Price now
- 8.42 -4.1%
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
HICL broke above its inverse head & shoulders on the hourly close at 8.78.
Projected target 9.34 (+6.4%). The pattern is invalidated beyond 7.75 (-11.7%), a reward-to-risk of about 0.5 : 1.
Structure: bullish external, bullish internal (strong low 6.04). Nearest demand OB 8.29 - 8.39, supply OB 8.90 - 9.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 8.78.
- 2 The target, 9.34 (+6.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 7.75 (-11.7%), cancels the setup.
- 4 Reward : risk is 0.5 : 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.