PSX · ENGINEERING · 30 Min
ISL Inverse Head & Shoulders breakout
International Steels Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 81.66 on the breakout. Target 89.14, invalidation 79.00.
Trade plan
● Active- Close
- 81.66
- ▲ 1.13%
- Target
- 89.14
- +9.2%
- Invalidation
- 79.00
- -3.3%
RiskReward
- Reward : risk
- 2.8 : 1
- ATR
- 0.72
- Price now
- 83.90 +2.7%
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
ISL broke above its inverse head & shoulders on the 30-minute close at 81.66.
Projected target 89.14 (+9.2%). The pattern is invalidated beyond 79.00 (-3.3%), a reward-to-risk of about 2.8 : 1.
Structure: bearish external, bullish internal (strong high 84.58). Nearest demand OB 79.50 - 80.44, supply OB 83.05 - 84.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 81.66.
- 2 The target, 89.14 (+9.2%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 79.00 (-3.3%), cancels the setup.
- 4 Reward : risk is 2.8 : 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.