PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
ADAMS Head & Shoulders forming
Adam Sugar Mills Limited · 20 Oct 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 65.31
- ▼ 1.80%
- Target
- 55.52
- -15.0%
- Invalidation
- —
- ATR
- 1.19
- 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
ADAMS has completed a head & shoulders on the hourly chart with the head at 71.90 and the neckline at 65.01.
The pattern is confirmed by a hourly close below 64.77. The measured move from the neckline points to 55.52 (-14.6%). A close beyond the head at 71.90 cancels it.
Structure: bullish external, bearish internal (strong low 57.25). Nearest supply OB 77.80 - 81.80.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 65.31.
- 2 The target, 55.52 (-15.0%), 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.