PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
MARI Inverse Head & Shoulders forming
Mari Energies Limited · 29 Oct 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 635.00
- ▲ 0.00%
- Target
- 657.04
- +3.5%
- Invalidation
- —
- ATR
- 2.32
- 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 30 Min candles · click to enlarge
The breakdown
MARI has completed an inverse head & shoulders on the 30-minute chart with the head at 622.25 and the neckline at 641.95.
The pattern is confirmed by a 30-minute close above 642.41. The measured move from the neckline points to 657.04 (+2.3%). A close beyond the head at 622.25 cancels it.
Structure: bearish external, bearish internal (strong high 655.00). Nearest supply OB 645.51 - 646.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 635.00.
- 2 The target, 657.04 (+3.5%), 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.