PSX · PAPER, BOARD & PACKAGING · 1 Hour
PKGS Inverse Head & Shoulders breakout
Packages Limited · 27 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 694.99 on the breakout. Target 742.70, invalidation 670.11.
Trade plan
● Active- Close
- 694.99
- ▲ 2.05%
- Target
- 742.70
- +6.9%
- Invalidation
- 670.11
- -3.6%
RiskReward
- Reward : risk
- 1.9 : 1
- ATR
- 9.65
- Price now
- 694.99 0.0%
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
PKGS broke above its inverse head & shoulders on the hourly close at 694.99.
Projected target 742.70 (+6.9%). The pattern is invalidated beyond 670.11 (-3.6%), a reward-to-risk of about 1.9 : 1.
Structure: bearish external, bearish internal (strong high 848.00). Nearest supply OB 710.00 - 715.99.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 694.99.
- 2 The target, 742.70 (+6.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 670.11 (-3.6%), cancels the setup.
- 4 Reward : risk is 1.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.