PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
TREET Inverse Head & Shoulders forming
Treet Corporation Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 24.01
- ▲ 0.93%
- Target
- 27.81
- +15.8%
- Invalidation
- —
- ATR
- 0.31
- 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
TREET has completed an inverse head & shoulders on the hourly chart with the head at 20.90 and the neckline at 24.06.
The pattern is confirmed by a hourly close above 24.12. The measured move from the neckline points to 27.81 (+15.6%). A close beyond the head at 20.90 cancels it.
Structure: bearish external, bullish internal (strong high 37.00). Nearest demand OB 20.40 - 20.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 24.01.
- 2 The target, 27.81 (+15.8%), 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.