PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 30 Min
PSX Inverse Head & Shoulders forming
Pakistan Stock Exchange Limited · 28 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 40.85
- ▲ 0.02%
- Target
- 45.17
- +10.6%
- Invalidation
- —
- ATR
- 0.48
- 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
PSX has completed an inverse head & shoulders on the 30-minute chart with the head at 38.80 and the neckline at 41.79.
The pattern is confirmed by a 30-minute close above 41.89. The measured move from the neckline points to 45.17 (+8.1%). A close beyond the head at 38.80 cancels it.
Structure: bearish external, bearish internal (strong high 42.44). Nearest demand OB 38.00 - 38.42, supply OB 45.25 - 45.74.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 40.85.
- 2 The target, 45.17 (+10.6%), 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.