PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
ICIBL Inverse Head & Shoulders forming
Invest Capital Investment Bank Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 16.11
- ▲ 0.75%
- Target
- 20.64
- +28.1%
- Invalidation
- —
- ATR
- 0.43
- 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
ICIBL has completed an inverse head & shoulders on the hourly chart with the head at 14.48 and the neckline at 17.33.
The pattern is confirmed by a hourly close above 17.42. The measured move from the neckline points to 20.64 (+19.1%). A close beyond the head at 14.48 cancels it.
Structure: bullish external, bullish internal (strong low 14.48). Nearest supply OB 19.62 - 20.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 16.11.
- 2 The target, 20.64 (+28.1%), 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.