PSX · Indices · 1 Hour
ALLSHR Inverse Head & Shoulders forming
KSE ALL Shares Index · 03 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 101,205.78
- ▲ 0.72%
- Target
- 104,418.81
- +3.2%
- Invalidation
- —
- ATR
- 298.12
- 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
ALLSHR has completed an inverse head & shoulders on the hourly chart with the head at 98,017.34 and the neckline at 101,463.08.
The pattern is confirmed by a hourly close above 101,522.70. The measured move from the neckline points to 104,418.81 (+2.9%). A close beyond the head at 98,017.34 cancels it.
Structure: bearish external, bearish internal (strong high 101,305.83). Nearest demand OB 99,646.04 - 99,970.45, supply OB 101,445.83 - 101,739.79.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 101,205.78.
- 2 The target, 104,418.81 (+3.2%), 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.