PSX · PROPERTY · 1 Hour
TPLP Head & Shoulders breakdown
TPL Properties Limited · 21 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 11.28 on the breakout. Target 10.20, invalidation 12.10.
Trade plan
● Active- Close
- 11.28
- ▼ 2.93%
- Target
- 10.20
- -9.6%
- Invalidation
- 12.10
- +7.3%
RiskReward
- Reward : risk
- 1.3 : 1
- ATR
- 0.21
- Price now
- 11.27 -0.1%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
TPLP broke below its head & shoulders on the hourly close at 11.28.
Projected target 10.20 (-9.6%). The pattern is invalidated beyond 12.10 (+7.3%), a reward-to-risk of about 1.3 : 1.
Structure: bullish external, bearish internal (strong low 10.62). Nearest demand OB 9.29 - 9.30, supply OB 11.68 - 12.03.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 11.28.
- 2 The target, 10.20 (-9.6%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.10 (+7.3%), cancels the setup.
- 4 Reward : risk is 1.3 : 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.