PSX · Indices · 1 Hour
KSE30 Inverse Head & Shoulders forming
KSE30 Index · 03 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 49,420.30
- ▲ 0.84%
- Target
- 51,430.39
- +4.1%
- Invalidation
- —
- ATR
- 186.07
- 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
KSE30 has completed an inverse head & shoulders on the hourly chart with the head at 47,465.28 and the neckline at 49,624.28.
The pattern is confirmed by a hourly close above 49,661.49. The measured move from the neckline points to 51,430.39 (+3.6%). A close beyond the head at 47,465.28 cancels it.
Structure: bearish external, bullish internal (strong high 49,509.33). Nearest demand OB 48,237.44 - 48,238.37, supply OB 50,068.81 - 50,213.02.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 49,420.30.
- 2 The target, 51,430.39 (+4.1%), 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.