PSX · PAPER, BOARD & PACKAGING · 30 Min
MACFL Inverse Head & Shoulders forming
MACPAC Films Limited · 06 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 50.17
- ▲ 2.22%
- Target
- 58.99
- +17.6%
- Invalidation
- —
- ATR
- 0.64
- 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
MACFL has completed an inverse head & shoulders on the 30-minute chart with the head at 47.02 and the neckline at 52.00.
The pattern is confirmed by a 30-minute close above 52.13. The measured move from the neckline points to 58.99 (+13.4%). A close beyond the head at 47.02 cancels it.
Structure: bearish external, bearish internal (strong high 136.26). Nearest supply OB 56.03 - 58.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 50.17.
- 2 The target, 58.99 (+17.6%), is the pattern's height projected from the breakout.
- 3 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.