PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
786 Inverse Head & Shoulders forming
786 Investments Limited · 30 Oct 2026 · 08:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 19.99
- ▼ 0.35%
- Target
- 26.96
- +34.9%
- Invalidation
- —
- ATR
- 0.32
- 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 1 Hour candles · click to enlarge
The breakdown
786 has completed an inverse head & shoulders on the hourly chart with the head at 18.80 and the neckline at 22.91.
The pattern is confirmed by a hourly close above 22.97. The measured move from the neckline points to 26.96 (+17.7%). A close beyond the head at 18.80 cancels it.
Structure: bearish external, bearish internal (strong high 29.35). Nearest demand OB 11.11 - 11.33, supply OB 35.55 - 37.67.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 19.99.
- 2 The target, 26.96 (+34.9%), 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.