PSX · INSURANCE · 30 Min
UVIC Inverse Head & Shoulders breakout
The Universal Insurance Company Limited · 05 Nov 2026 · 15:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 20.35 on the breakout. Target 24.96, invalidation 18.00.
Trade plan
● Active- Close
- 20.35
- ▲ 0.74%
- Target
- 24.96
- +22.7%
- Invalidation
- 18.00
- -11.5%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 0.61
- Price now
- 20.88 +2.6%
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
UVIC broke above its inverse head & shoulders on the 30-minute close at 20.35.
Projected target 24.96 (+22.7%). The pattern is invalidated beyond 18.00 (-11.5%), a reward-to-risk of about 2.0 : 1.
Structure: bullish external, bullish internal (strong low 17.10). Nearest demand OB 17.10 - 17.40, supply OB 25.48 - 25.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 20.35.
- 2 The target, 24.96 (+22.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 18.00 (-11.5%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.