PSX · TEXTILE WEAVING · 1 Hour
ICCI Inverse Head & Shoulders breakout
ICC Industries Limited · 29 Oct 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 16.85 on the breakout. Target 21.57, invalidation 14.29.
Trade plan
● Active- Close
- 16.85
- ▲ 4.01%
- Target
- 21.57
- +28.0%
- Invalidation
- 14.29
- -15.2%
RiskReward
- Reward : risk
- 1.8 : 1
- ATR
- 0.74
- Price now
- 16.49 -2.1%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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 1 Hour candles · click to enlarge
The breakdown
ICCI broke above its inverse head & shoulders on the hourly close at 16.85.
Projected target 21.57 (+28.0%). The pattern is invalidated beyond 14.29 (-15.2%), a reward-to-risk of about 1.8 : 1.
Structure: bullish external, bullish internal (strong low 12.05). Nearest demand OB 8.90 - 9.60.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 16.85.
- 2 The target, 21.57 (+28.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 14.29 (-15.2%), cancels the setup.
- 4 Reward : risk is 1.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.