PSX · ENGINEERING · 1 Hour
AGHA Head & Shoulders breakdown
Agha Steel Ind.Ltd · 26 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 6.21 on the breakout. Target 4.81, invalidation 6.85.
Trade plan
● Active- Close
- 6.21
- ▼ 1.90%
- Target
- 4.81
- -22.5%
- Invalidation
- 6.85
- +10.3%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 0.09
- Price now
- 6.31 +1.6%
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
AGHA broke below its head & shoulders on the hourly close at 6.21.
Projected target 4.81 (-22.5%). The pattern is invalidated beyond 6.85 (+10.3%), a reward-to-risk of about 2.2 : 1.
Structure: bearish external, bearish internal (strong high 9.61). Nearest supply OB 6.37 - 6.57.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 6.21.
- 2 The target, 4.81 (-22.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 6.85 (+10.3%), cancels the setup.
- 4 Reward : risk is 2.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.