PSX · OIL & GAS MARKETING COMPANIES · 1 Hour
SNGP Inverse Head & Shoulders breakout
Sui Northern Gas Pipelines Limited · 20 Oct 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 92.75 on the breakout. Target 99.07, invalidation 88.50.
Trade plan
● Active- Close
- 92.75
- ▲ 0.54%
- Target
- 99.07
- +6.8%
- Invalidation
- 88.50
- -4.6%
RiskReward
- Reward : risk
- 1.5 : 1
- ATR
- 0.93
- Price now
- 93.28 +0.6%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
SNGP broke above its inverse head & shoulders on the hourly close at 92.75.
Projected target 99.07 (+6.8%). The pattern is invalidated beyond 88.50 (-4.6%), a reward-to-risk of about 1.5 : 1.
Structure: bullish external, bearish internal (strong low 83.20). Nearest supply OB 95.65 - 97.69.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 92.75.
- 2 The target, 99.07 (+6.8%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 88.50 (-4.6%), cancels the setup.
- 4 Reward : risk is 1.5 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.