PSX · AUTOMOBILE PARTS & ACCESSORIES · 1 Hour
TBL Head & Shoulders forming
Treet Battery Limited. · 29 Oct 2026 · 14:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 9.24
- ▼ 2.74%
- Target
- 6.98
- -24.5%
- Invalidation
- —
- ATR
- 0.21
- 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
TBL has completed a head & shoulders on the hourly chart with the head at 10.37 and the neckline at 8.42.
The pattern is confirmed by a hourly close below 8.38. The measured move from the neckline points to 6.98 (-17.0%). A close beyond the head at 10.37 cancels it.
Structure: bearish external, bullish internal (strong high 14.05). Nearest demand OB 8.75 - 8.88, supply OB 9.99 - 10.36.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 9.24.
- 2 The target, 6.98 (-24.5%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.