PSX · CABLE & ELECTRICAL GOODS · 30 Min
WAVES Inverse Head & Shoulders breakout
Waves Corporation Limited · 12 Nov 2026 · 10:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 9.52 on the breakout. Target 10.65, invalidation 8.25.
Trade plan
● Active- Close
- 9.52
- ▲ 1.82%
- Target
- 10.65
- +11.9%
- Invalidation
- 8.25
- -13.3%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 0.12
- Price now
- 9.26 -2.7%
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
WAVES broke above its inverse head & shoulders on the 30-minute close at 9.52.
Projected target 10.65 (+11.9%). The pattern is invalidated beyond 8.25 (-13.3%), a reward-to-risk of about 0.9 : 1.
Structure: bullish external, bullish internal (strong low 7.90). Nearest demand OB 9.12 - 9.28, supply OB 9.58 - 9.65.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 9.52.
- 2 The target, 10.65 (+11.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 8.25 (-13.3%), cancels the setup.
- 4 Reward : risk is 0.9 : 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.