PSX · PAPER, BOARD & PACKAGING · 30 Min
MACFL Inverse Head & Shoulders breakout
MACPAC Films Limited · 11 Nov 2026 · 10:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 52.35 on the breakout. Target 58.41, invalidation 48.30.
Trade plan
- Close
- 52.35
- ▲ 4.89%
- Target
- 58.41
- +11.6%
- Invalidation
- 48.30
- -7.7%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.84
- 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
MACFL broke above its inverse head & shoulders on the 30-minute close at 52.35.
Projected target 58.41 (+11.6%). The pattern is invalidated beyond 48.30 (-7.7%), a reward-to-risk of about 1.5 : 1.
Structure: bearish external, bearish internal (strong high 136.26). Nearest supply OB 56.03 - 58.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 52.35.
- 2 The target, 58.41 (+11.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 48.30 (-7.7%), cancels the setup.
- 4 Reward : risk is 1.5 : 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.