PSX · CHEMICAL · 1 Hour
SPL Inverse Head & Shoulders forming
Sitara Peroxide Limited · 06 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 48.71
- ▲ 0.64%
- Target
- 62.81
- +28.9%
- Invalidation
- —
- ATR
- 1.28
- 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
SPL has completed an inverse head & shoulders on the hourly chart with the head at 43.26 and the neckline at 52.68.
The pattern is confirmed by a hourly close above 52.94. The measured move from the neckline points to 62.81 (+19.2%). A close beyond the head at 43.26 cancels it.
Structure: bullish external, bullish internal (strong low 17.80). Nearest demand OB 42.00 - 43.00, supply OB 56.70 - 57.35.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 48.71.
- 2 The target, 62.81 (+28.9%), 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.