PSX · CHEMICAL · 30 Min
LPGL Head & Shoulders breakdown
Leiner Pak Gelatine Limited · 23 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 68.11 on the breakout. Target 57.88, invalidation 70.88.
Trade plan
✕ Invalidated- Close
- 68.11
- ▼ 1.29%
- Target
- 57.88
- -15.0%
- Invalidation
- 70.88
- +4.1%
RiskReward
- Reward : risk
- 3.7 : 1
- ATR
- 1.66
- Price now
- 70.48 +3.5%
- Resolved
- 23 Oct · 14:30
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
LPGL broke below its head & shoulders on the 30-minute close at 68.11.
Projected target 57.88 (-15.0%). The pattern is invalidated beyond 70.88 (+4.1%), a reward-to-risk of about 3.7 : 1.
Structure: bullish external, bearish internal (strong low 63.02). Nearest supply OB 82.00 - 83.50.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 68.11.
- 2 The target, 57.88 (-15.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 70.88 (+4.1%), cancels the setup.
- 4 Reward : risk is 3.7 : 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.