PSX · LEATHER & TANNERIES · 1 Hour
SGF Inverse Head & Shoulders forming
Service GlobalFootwear Limited · 20 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 107.00
- ▲ 0.88%
- Target
- 115.21
- +7.7%
- Invalidation
- —
- ATR
- 0.80
- 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
SGF has completed an inverse head & shoulders on the hourly chart with the head at 102.15 and the neckline at 107.35.
The pattern is confirmed by a hourly close above 107.51. The measured move from the neckline points to 115.21 (+7.3%). A close beyond the head at 102.15 cancels it.
Structure: bullish external, bearish internal (strong low 96.00). Nearest demand OB 96.62 - 97.40, supply OB 112.66 - 114.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 107.00.
- 2 The target, 115.21 (+7.7%), is the pattern's height projected from the breakout.
- 3 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.