PSX · AUTOMOBILE ASSEMBLER · 1 Hour
HINO Inverse Head & Shoulders forming
Hinopak Motors Limited · 20 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 305.40
- ▼ 0.81%
- Target
- 338.44
- +10.8%
- Invalidation
- —
- ATR
- 3.47
- 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 1 Hour candles · click to enlarge
The breakdown
HINO has completed an inverse head & shoulders on the hourly chart with the head at 285.10 and the neckline at 308.41.
The pattern is confirmed by a hourly close above 309.10. The measured move from the neckline points to 338.44 (+9.7%). A close beyond the head at 285.10 cancels it.
Structure: bullish external, bearish internal (strong low 264.69). Nearest supply OB 376.60 - 385.80.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 305.40.
- 2 The target, 338.44 (+10.8%), 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.