PSX · CHEMICAL · 1 Hour
LOTCHEM Inverse Head & Shoulders breakout
Lotte Chemical Pakistan Limited · 05 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 25.12 on the breakout. Target 27.65, invalidation 23.39.
Trade plan
● Active- Close
- 25.12
- ▲ 1.09%
- Target
- 27.65
- +10.1%
- Invalidation
- 23.39
- -6.9%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.35
- Price now
- 24.82 -1.2%
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
LOTCHEM broke above its inverse head & shoulders on the hourly close at 25.12.
Projected target 27.65 (+10.1%). The pattern is invalidated beyond 23.39 (-6.9%), a reward-to-risk of about 1.5 : 1.
Structure: bearish external, bullish internal (strong high 34.30). Nearest demand OB 23.71 - 23.97, supply OB 26.20 - 26.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 25.12.
- 2 The target, 27.65 (+10.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 23.39 (-6.9%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.