PSX · CEMENT · 30 Min
BWCL Inverse Head & Shoulders forming
Bestway Cement Limited · 11 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 466.91
- ▲ 0.53%
- Target
- 499.99
- +7.1%
- Invalidation
- —
- ATR
- 3.60
- 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
BWCL has completed an inverse head & shoulders on the 30-minute chart with the head at 450.00 and the neckline at 471.99.
The pattern is confirmed by a 30-minute close above 472.71. The measured move from the neckline points to 499.99 (+5.9%). A close beyond the head at 450.00 cancels it.
Structure: bearish external, bearish internal (strong high 524.00). Nearest supply OB 475.01 - 480.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 466.91.
- 2 The target, 499.99 (+7.1%), 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.