PSX · CHEMICAL · 1 Hour
ARPL Inverse Head & Shoulders forming
Archroma Pakistan Limited · 13 Nov 2026 · 15:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 381.50
- ▲ 2.28%
- Target
- 411.36
- +7.8%
- Invalidation
- —
- ATR
- 3.28
- 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
ARPL has completed an inverse head & shoulders on the hourly chart with the head at 353.00 and the neckline at 381.78.
The pattern is confirmed by a hourly close above 382.44. The measured move from the neckline points to 411.36 (+7.7%). A close beyond the head at 353.00 cancels it.
Structure: bearish external, bullish internal (strong high 466.25). Nearest demand OB 361.41 - 365.10, supply OB 384.00 - 388.88.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 381.50.
- 2 The target, 411.36 (+7.8%), is the pattern's height projected from the breakout.
- 3 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.