PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
TPL Head & Shoulders forming
TPL Corp Limited · 12 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 25.10
- ▼ 1.03%
- Target
- 18.68
- -25.6%
- Invalidation
- —
- ATR
- 0.47
- 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
TPL has completed a head & shoulders on the hourly chart with the head at 27.13 and the neckline at 21.85.
The pattern is confirmed by a hourly close below 21.76. The measured move from the neckline points to 18.68 (-14.5%). A close beyond the head at 27.13 cancels it.
Structure: bullish external, bearish internal (strong low 19.30). Nearest demand OB 21.11 - 21.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 25.10.
- 2 The target, 18.68 (-25.6%), 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.