PSX · TRANSPORT · 30 Min
CLVL Head & Shoulders forming
Cordoba Logistics & Ventures Limited · 11 Nov 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 24.69
- ▼ 0.80%
- Target
- 11.78
- -52.3%
- Invalidation
- —
- ATR
- 0.45
- 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
CLVL has completed a head & shoulders on the 30-minute chart with the head at 34.90 and the neckline at 23.70.
The pattern is confirmed by a 30-minute close below 23.61. The measured move from the neckline points to 11.78 (-50.3%). A close beyond the head at 34.90 cancels it.
Structure: bullish external, bullish internal (strong low 20.30). Nearest demand OB 24.20 - 24.43, supply OB 26.40 - 26.47.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 24.69.
- 2 The target, 11.78 (-52.3%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.