PSX · COMMERCIAL BANKS · 30 Min
HMB Inverse Head & Shoulders forming
Habib Metropolitan Bank Limited · 28 Oct 2026 · 12:00 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 96.96
- ▲ 1.00%
- Target
- 100.90
- +4.1%
- Invalidation
- —
- ATR
- 0.53
- 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
HMB has completed an inverse head & shoulders on the 30-minute chart with the head at 94.00 and the neckline at 97.60.
The pattern is confirmed by a 30-minute close above 97.71. The measured move from the neckline points to 100.90 (+3.4%). A close beyond the head at 94.00 cancels it.
Structure: bullish external, bullish internal (strong low 94.00). Nearest demand OB 95.50 - 96.12, supply OB 102.10 - 102.79.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 96.96.
- 2 The target, 100.90 (+4.1%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.