PSX · CEMENT · 1 Hour
FECTC Inverse Head & Shoulders forming
Fecto Cement Limited · 10 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 94.61
- ▲ 0.12%
- Target
- 110.98
- +17.3%
- Invalidation
- —
- ATR
- 1.92
- 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
FECTC has completed an inverse head & shoulders on the hourly chart with the head at 83.00 and the neckline at 96.99.
The pattern is confirmed by a hourly close above 97.37. The measured move from the neckline points to 110.98 (+14.4%). A close beyond the head at 83.00 cancels it.
Structure: bullish external, bullish internal (strong low 72.00). Nearest demand OB 87.00 - 87.46, supply OB 102.61 - 104.24.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 94.61.
- 2 The target, 110.98 (+17.3%), is the pattern's height projected from the breakout.
- 3 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.