PSX · INSURANCE · 30 Min
SHNI Inverse Head & Shoulders forming
Shaheen Insurance Company Limited · 11 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 8.22
- ▲ 2.11%
- Target
- 9.56
- +16.3%
- Invalidation
- —
- ATR
- 0.17
- 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
SHNI has completed an inverse head & shoulders on the 30-minute chart with the head at 7.16 and the neckline at 8.24.
The pattern is confirmed by a 30-minute close above 8.27. The measured move from the neckline points to 9.56 (+16.0%). A close beyond the head at 7.16 cancels it.
Structure: bullish external, bearish internal (strong low 6.61). Nearest supply OB 9.75 - 9.95.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 8.22.
- 2 The target, 9.56 (+16.3%), 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.