PSX · VANASPATI & ALLIED INDUSTRIES · 30 Min
SSOM Inverse Head & Shoulders breakout
S.S.Oil Mills Limited · 06 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 423.00 on the breakout. Target 439.35, invalidation 404.10.
Trade plan
✓ Target hit- Close
- 423.00
- ▲ 1.22%
- Target
- 439.35
- +3.9%
- Invalidation
- 404.10
- -4.5%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 3.50
- Price now
- 439.00 +3.8%
- Resolved
- 06 Nov · 16:00
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
SSOM broke above its inverse head & shoulders on the 30-minute close at 423.00.
Projected target 439.35 (+3.9%). The pattern is invalidated beyond 404.10 (-4.5%), a reward-to-risk of about 0.9 : 1.
Structure: bearish external, bullish internal (strong high 566.00). Nearest demand OB 380.00 - 386.00, supply OB 430.43 - 439.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 423.00.
- 2 The target, 439.35 (+3.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 404.10 (-4.5%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.