PSX · ENGINEERING · 30 Min
MSCL Inverse Head & Shoulders breakout
Metropolitan Steel Corporation Limited · 10 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 20.49 on the breakout. Target 22.46, invalidation 19.53.
Trade plan
● Active- Close
- 20.49
- ▲ 2.97%
- Target
- 22.46
- +9.6%
- Invalidation
- 19.53
- -4.7%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 0.34
- Price now
- 21.96 +7.2%
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
MSCL broke above its inverse head & shoulders on the 30-minute close at 20.49.
Projected target 22.46 (+9.6%). The pattern is invalidated beyond 19.53 (-4.7%), a reward-to-risk of about 2.1 : 1.
Structure: bearish external, bearish internal (strong high 27.00). Nearest demand OB 18.00 - 18.03, supply OB 21.37 - 21.38.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 20.49.
- 2 The target, 22.46 (+9.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 19.53 (-4.7%), cancels the setup.
- 4 Reward : risk is 2.1 : 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.