PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
PSX Inverse Head & Shoulders forming
Pakistan Stock Exchange Limited · 02 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 40.95
- ▲ 0.12%
- Target
- 44.61
- +8.9%
- Invalidation
- —
- ATR
- 0.49
- 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
PSX has completed an inverse head & shoulders on the hourly chart with the head at 38.80 and the neckline at 41.25.
The pattern is confirmed by a hourly close above 41.35. The measured move from the neckline points to 44.61 (+8.1%). A close beyond the head at 38.80 cancels it.
Structure: bullish external, bearish internal (strong low 35.01). Nearest demand OB 38.10 - 38.58, supply OB 44.95 - 45.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 40.95.
- 2 The target, 44.61 (+8.9%), 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.