PSX · COMMERCIAL BANKS · 30 Min
UBL Inverse Head & Shoulders forming
United Bank Limited · 29 Oct 2026 · 14:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 412.95
- ▲ 0.31%
- Target
- 460.20
- +11.4%
- Invalidation
- —
- ATR
- 2.20
- 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
UBL has completed an inverse head & shoulders on the 30-minute chart with the head at 381.00 and the neckline at 423.40.
The pattern is confirmed by a 30-minute close above 423.84. The measured move from the neckline points to 460.20 (+8.7%). A close beyond the head at 381.00 cancels it.
Structure: bullish external, bullish internal (strong low 371.00). Nearest demand OB 396.00 - 400.04, supply OB 439.87 - 441.98.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 412.95.
- 2 The target, 460.20 (+11.4%), is the pattern's height projected from the breakout.
- 3 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.