PSX · SUGAR & ALLIED INDUSTRIES · 30 Min
AABS Inverse Head & Shoulders forming
Al-Abbas Sugar Mills Limited · 13 Nov 2026 · 15:00 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 705.00
- ▲ 0.00%
- Target
- 822.20
- +16.6%
- Invalidation
- —
- ATR
- 6.54
- 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
AABS has completed an inverse head & shoulders on the 30-minute chart with the head at 650.02 and the neckline at 731.96.
The pattern is confirmed by a 30-minute close above 733.27. The measured move from the neckline points to 822.20 (+12.3%). A close beyond the head at 650.02 cancels it.
Structure: bearish external, bullish internal (strong high 738.00). Nearest demand OB 672.62 - 672.68, supply OB 999.00 - 999.90.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 705.00.
- 2 The target, 822.20 (+16.6%), 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.