PSX · REAL ESTATE INVESTMENT TRUST · 1 Hour
TPLRF1 Inverse Head & Shoulders forming
TPL REIT Fund I · 26 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 8.85
- ▼ 0.56%
- Target
- 10.55
- +19.2%
- Invalidation
- —
- ATR
- 0.16
- 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
TPLRF1 has completed an inverse head & shoulders on the hourly chart with the head at 8.20 and the neckline at 9.17.
The pattern is confirmed by a hourly close above 9.20. The measured move from the neckline points to 10.55 (+15.0%). A close beyond the head at 8.20 cancels it.
Structure: bearish external, bullish internal (strong high 14.80). Nearest demand OB 8.05 - 8.11, supply OB 11.98 - 12.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 8.85.
- 2 The target, 10.55 (+19.2%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.