PSX · MODARABAS · 30 Min
FIBLM Head & Shoulders forming
First IBL Modaraba · 23 Oct 2026 · 09:00 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 15.75
- ▲ 1.22%
- Target
- 11.92
- -24.3%
- Invalidation
- —
- ATR
- 0.36
- 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
FIBLM has completed a head & shoulders on the 30-minute chart with the head at 17.80 and the neckline at 14.84.
The pattern is confirmed by a 30-minute close below 14.77. The measured move from the neckline points to 11.92 (-19.7%). A close beyond the head at 17.80 cancels it.
Structure: bullish external, bullish internal (strong low 9.80). Nearest demand OB 14.90 - 15.09, supply OB 18.86 - 19.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 15.75.
- 2 The target, 11.92 (-24.3%), 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.