PSX · INSURANCE · 30 Min
PINL Head & Shoulders forming
Premier Insurance Limited · 05 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 9.61
- ▲ 0.10%
- Target
- 8.02
- -16.5%
- Invalidation
- —
- ATR
- 0.16
- 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
PINL has completed a head & shoulders on the 30-minute chart with the head at 10.58 and the neckline at 9.35.
The pattern is confirmed by a 30-minute close below 9.32. The measured move from the neckline points to 8.02 (-14.2%). A close beyond the head at 10.58 cancels it.
Structure: bullish external, bullish internal (strong low 8.25). Nearest demand OB 9.11 - 9.12, supply OB 10.95 - 10.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 9.61.
- 2 The target, 8.02 (-16.5%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.