PSX · CABLE & ELECTRICAL GOODS · 1 Hour
WAVES Inverse Head & Shoulders breakout
Waves Corporation Limited · 06 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 9.28 on the breakout. Target 10.42, invalidation 8.25.
Trade plan
● Active- Close
- 9.28
- ▲ 4.86%
- Target
- 10.42
- +12.3%
- Invalidation
- 8.25
- -11.1%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.18
- Price now
- 9.30 +0.2%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
WAVES broke above its inverse head & shoulders on the hourly close at 9.28.
Projected target 10.42 (+12.3%). The pattern is invalidated beyond 8.25 (-11.1%), a reward-to-risk of about 1.1 : 1.
Structure: bearish external, bullish internal (strong high 9.35). Nearest demand OB 8.75 - 8.86, supply OB 9.62 - 9.88.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 9.28.
- 2 The target, 10.42 (+12.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.25 (-11.1%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.