PSX · OIL & GAS MARKETING COMPANIES · 30 Min
PSO Head & Shoulders breakdown
Pakistan State Oil Company Limited · 20 Oct 2026 · 15:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 357.00 on the breakout. Target 341.54, invalidation 364.48.
Trade plan
● Active- Close
- 357.00
- ▼ 0.21%
- Target
- 341.54
- -4.3%
- Invalidation
- 364.48
- +2.1%
RiskReward
- Reward : risk
- 2.1 : 1
- ATR
- 2.69
- Price now
- 359.50 +0.7%
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
PSO broke below its head & shoulders on the 30-minute close at 357.00.
Projected target 341.54 (-4.3%). The pattern is invalidated beyond 364.48 (+2.1%), a reward-to-risk of about 2.1 : 1.
Structure: bullish external, bearish internal (strong low 332.21). Nearest demand OB 340.23 - 341.60, supply OB 361.50 - 364.48.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 357.00.
- 2 The target, 341.54 (-4.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 364.48 (+2.1%), cancels the setup.
- 4 Reward : risk is 2.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.