PSX · AUTOMOBILE ASSEMBLER · 30 Min
ATLH Head & Shoulders forming
Atlas Honda Limited · 21 Oct 2026 · 11:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 1,551.07
- ▼ 0.89%
- Target
- 1,489.72
- -4.0%
- Invalidation
- —
- ATR
- 5.57
- 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
ATLH has completed a head & shoulders on the 30-minute chart with the head at 1,577.78 and the neckline at 1,534.95.
The pattern is confirmed by a 30-minute close below 1,533.84. The measured move from the neckline points to 1,489.72 (-2.9%). A close beyond the head at 1,577.78 cancels it.
Structure: bearish external, bullish internal (strong high 1,810.00). Nearest supply OB 1,789.88 - 1,810.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 1,551.07.
- 2 The target, 1,489.72 (-4.0%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.