PSX · FOOD & PERSONAL CARE PRODUCTS · 1 Hour
TOMCL Head & Shoulders forming
The Organic Meat Company Limited · 29 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 27.95
- ▼ 0.71%
- Target
- 22.83
- -18.3%
- Invalidation
- —
- ATR
- 0.51
- 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
TOMCL has completed a head & shoulders on the hourly chart with the head at 30.90 and the neckline at 26.71.
The pattern is confirmed by a hourly close below 26.61. The measured move from the neckline points to 22.83 (-14.5%). A close beyond the head at 30.90 cancels it.
Structure: bearish external, bullish internal (strong high 46.35). Nearest supply OB 31.76 - 32.05.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 27.95.
- 2 The target, 22.83 (-18.3%), 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.