PSX · CEMENT · 30 Min
MLCF Inverse Head & Shoulders forming
Maple Leaf Cement Factory Limited · 02 Nov 2026 · 13:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 91.50
- ▲ 0.55%
- Target
- 98.37
- +7.5%
- Invalidation
- —
- ATR
- 0.56
- 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 30 Min candles · click to enlarge
The breakdown
MLCF has completed an inverse head & shoulders on the 30-minute chart with the head at 85.50 and the neckline at 92.43.
The pattern is confirmed by a 30-minute close above 92.54. The measured move from the neckline points to 98.37 (+6.4%). A close beyond the head at 85.50 cancels it.
Structure: bearish external, bullish internal (strong high 93.25). Nearest demand OB 90.00 - 90.71, supply OB 92.35 - 93.25.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 91.50.
- 2 The target, 98.37 (+7.5%), 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.