PSX · REFINERY · 30 Min
CNERGY Head & Shoulders breakdown
Cnergyico PK Limited · 22 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 12.37 on the breakout. Target 11.49, invalidation 12.83.
Trade plan
● Active- Close
- 12.37
- ▼ 0.16%
- Target
- 11.49
- -7.1%
- Invalidation
- 12.83
- +3.7%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 0.13
- Price now
- 12.39 +0.2%
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
CNERGY broke below its head & shoulders on the 30-minute close at 12.37.
Projected target 11.49 (-7.1%). The pattern is invalidated beyond 12.83 (+3.7%), a reward-to-risk of about 1.9 : 1.
Structure: bullish external, bullish internal (strong low 9.73). Nearest demand OB 12.23 - 12.30, supply OB 13.34 - 13.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 12.37.
- 2 The target, 11.49 (-7.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 12.83 (+3.7%), cancels the setup.
- 4 Reward : risk is 1.9 : 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.