PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
LSECL Head & Shoulders forming
LSE Capital Limited. · 21 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 5.36
- ▼ 0.37%
- Target
- 3.89
- -27.4%
- Invalidation
- —
- ATR
- 0.12
- 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
LSECL has completed a head & shoulders on the hourly chart with the head at 6.55 and the neckline at 5.07.
The pattern is confirmed by a hourly close below 5.05. The measured move from the neckline points to 3.89 (-23.3%). A close beyond the head at 6.55 cancels it.
Structure: bullish external, bearish internal (strong low 5.00). Nearest demand OB 4.69 - 4.91, supply OB 7.41 - 7.47.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 5.36.
- 2 The target, 3.89 (-27.4%), 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.