PSX · EXCHANGE TRADED FUNDS · 30 Min
ACIETF Head & Shoulders forming
Alfalah Consumer Index (ETF) · 29 Oct 2026 · 12:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 15.77
- ▼ 1.62%
- Target
- 13.81
- -12.4%
- Invalidation
- —
- ATR
- 0.16
- 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
ACIETF has completed a head & shoulders on the 30-minute chart with the head at 17.20 and the neckline at 15.37.
The pattern is confirmed by a 30-minute close below 15.34. The measured move from the neckline points to 13.81 (-10.1%). A close beyond the head at 17.20 cancels it.
Structure: bullish external, bearish internal (strong low 14.20). Nearest supply OB 17.23 - 17.28.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 15.77.
- 2 The target, 13.81 (-12.4%), 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.