PSX · INSURANCE · 30 Min
PQGTL Inverse Head & Shoulders breakout
Pak Qatar General Takaful Limited · 04 Nov 2026 · 12:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 12.89 on the breakout. Target 13.53, invalidation 11.90.
Trade plan
● Active- Close
- 12.89
- ▲ 4.71%
- Target
- 13.53
- +5.0%
- Invalidation
- 11.90
- -7.7%
RiskReward
- Reward : risk
- 0.6 : 1
- ATR
- 0.21
- Price now
- 12.78 -0.9%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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 30 Min candles · click to enlarge
The breakdown
PQGTL broke above its inverse head & shoulders on the 30-minute close at 12.89.
Projected target 13.53 (+5.0%). The pattern is invalidated beyond 11.90 (-7.7%), a reward-to-risk of about 0.6 : 1.
Structure: bullish external, bullish internal (strong low 11.76). Nearest supply OB 16.79 - 17.24.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 12.89.
- 2 The target, 13.53 (+5.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 11.90 (-7.7%), cancels the setup.
- 4 Reward : risk is 0.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.