PSX · TRANSPORT · 1 Hour
BLUEX Inverse Head & Shoulders forming
Blue-Ex Limited · 03 Nov 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 5.65
- ▲ 0.71%
- Target
- 6.83
- +20.9%
- Invalidation
- —
- ATR
- 0.15
- 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
BLUEX has completed an inverse head & shoulders on the hourly chart with the head at 5.04 and the neckline at 5.84.
The pattern is confirmed by a hourly close above 5.87. The measured move from the neckline points to 6.83 (+16.9%). A close beyond the head at 5.04 cancels it.
Structure: bullish external, bearish internal (strong low 4.90). Nearest supply OB 6.25 - 6.38.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 5.65.
- 2 The target, 6.83 (+20.9%), 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.