PSX · MISCELLANEOUS · Daily
AKGL Head & Shoulders forming
Al-Khair Gadoon Limited · 27 Oct 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 55.97
- ▲ 0.00%
- Target
- -3.05
- -105.4%
- Invalidation
- —
- ATR
- 5.32
- 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 Daily candles · click to enlarge
The breakdown
AKGL has completed a head & shoulders on the daily chart with the head at 103.97 and the neckline at 51.69.
The pattern is confirmed by a daily close below 50.63. The measured move from the neckline points to -3.05 (-105.9%). A close beyond the head at 103.97 cancels it.
Structure: bullish external, bullish internal (strong low 48.01). Nearest bullish FVG 25.90 - 27.00.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 55.97.
- 2 The target, -3.05 (-105.4%), 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.