PSX · TEXTILE COMPOSITE · 30 Min
ANL Head & Shoulders forming
Azgard Nine Limited · 27 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 8.71
- ▼ 2.14%
- Target
- 6.96
- -20.1%
- Invalidation
- —
- ATR
- 0.13
- 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
ANL has completed a head & shoulders on the 30-minute chart with the head at 10.10 and the neckline at 8.62.
The pattern is confirmed by a 30-minute close below 8.59. The measured move from the neckline points to 6.96 (-19.2%). A close beyond the head at 10.10 cancels it.
Structure: bullish external, bullish internal (strong low 8.26). Nearest supply OB 9.72 - 10.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 8.71.
- 2 The target, 6.96 (-20.1%), 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.