PSX · TECHNOLOGY & COMMUNICATION · 1 Hour
AIRLINK Head & Shoulders forming
Air Link Communication Limited · 13 Nov 2026 · 08:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 114.50
- ▲ 0.44%
- Target
- 91.65
- -20.0%
- Invalidation
- —
- ATR
- 1.17
- 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
AIRLINK has completed a head & shoulders on the hourly chart with the head at 122.99 and the neckline at 109.41.
The pattern is confirmed by a hourly close below 109.18. The measured move from the neckline points to 91.65 (-16.2%). A close beyond the head at 122.99 cancels it.
Structure: bearish external, bullish internal (strong high 125.00). Nearest demand OB 111.03 - 112.98, supply OB 128.39 - 130.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 114.50.
- 2 The target, 91.65 (-20.0%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.