PSX · TRANSPORT · 30 Min
SLGL Head & Shoulders forming
Secure Logistics-Trax Group Limited · 22 Oct 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 14.88
- ▼ 0.60%
- Target
- 12.17
- -18.2%
- Invalidation
- —
- ATR
- 0.26
- 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
SLGL has completed a head & shoulders on the 30-minute chart with the head at 15.95 and the neckline at 13.97.
The pattern is confirmed by a 30-minute close below 13.92. The measured move from the neckline points to 12.17 (-12.9%). A close beyond the head at 15.95 cancels it.
Structure: bearish external, bullish internal (strong high 18.20). Nearest demand OB 13.10 - 13.24, supply OB 16.36 - 16.68.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 14.88.
- 2 The target, 12.17 (-18.2%), 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.