PSX · POWER GENERATION & DISTRIBUTION · 1 Hour
KOHE Head & Shoulders forming
Kohinoor Energy Limited · 10 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 14.81
- ▼ 0.87%
- Target
- 11.56
- -21.9%
- Invalidation
- —
- ATR
- 0.17
- 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
KOHE has completed a head & shoulders on the hourly chart with the head at 17.41 and the neckline at 14.68.
The pattern is confirmed by a hourly close below 14.65. The measured move from the neckline points to 11.56 (-21.3%). A close beyond the head at 17.41 cancels it.
Structure: bullish external, bullish internal (strong low 12.33). Nearest demand OB 13.70 - 13.84.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 14.81.
- 2 The target, 11.56 (-21.9%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.