PSX · GLASS & CERAMICS · 1 Hour
FRCL Head & Shoulders forming
Frontier Ceramics Limited · 03 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 79.99
- ▼ 3.63%
- Target
- 30.07
- -62.4%
- Invalidation
- —
- ATR
- 4.32
- 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
FRCL has completed a head & shoulders on the hourly chart with the head at 97.00 and the neckline at 57.97.
The pattern is confirmed by a hourly close below 57.11. The measured move from the neckline points to 30.07 (-48.1%). A close beyond the head at 97.00 cancels it.
Structure: bearish external, bullish internal (strong high 97.00). Nearest demand OB 52.00 - 52.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 79.99.
- 2 The target, 30.07 (-62.4%), is the pattern's height projected from the breakout.
- 3 Trend context: with the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.