PSX · COMMERCIAL BANKS · 1 Hour
UBL Inverse Head & Shoulders forming
United Bank Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 415.39
- ▲ 1.32%
- Target
- 462.32
- +11.3%
- Invalidation
- —
- ATR
- 3.51
- 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
UBL has completed an inverse head & shoulders on the hourly chart with the head at 381.00 and the neckline at 425.53.
The pattern is confirmed by a hourly close above 426.23. The measured move from the neckline points to 462.32 (+8.6%). A close beyond the head at 381.00 cancels it.
Structure: bearish external, bearish internal (strong high 517.00). Nearest demand OB 371.00 - 375.00, supply OB 422.01 - 426.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 415.39.
- 2 The target, 462.32 (+11.3%), 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.