PSX · COMMERCIAL BANKS · 30 Min
BAFL Inverse Head & Shoulders forming
Bank Alfalah Limited · 21 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 55.76
- ▲ 0.25%
- Target
- 57.89
- +3.8%
- Invalidation
- —
- ATR
- 0.23
- 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
BAFL has completed an inverse head & shoulders on the 30-minute chart with the head at 54.67 and the neckline at 55.94.
The pattern is confirmed by a 30-minute close above 55.99. The measured move from the neckline points to 57.89 (+3.5%). A close beyond the head at 54.67 cancels it.
Structure: bullish external, bearish internal (strong low 54.16). Nearest demand OB 54.30 - 54.40, supply OB 56.85 - 57.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 55.76.
- 2 The target, 57.89 (+3.8%), 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.