PSX · SYNTHETIC & RAYON · 30 Min
IMAGE Head & Shoulders breakdown
Image Pakistan Limited · 30 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 22.60 on the breakout. Target 20.76, invalidation 24.20.
Trade plan
● Active- Close
- 22.60
- ▼ 1.70%
- Target
- 20.76
- -8.1%
- Invalidation
- 24.20
- +7.1%
RiskReward
- Reward : risk
- 1.2 : 1
- ATR
- 0.40
- Price now
- 22.85 +1.1%
Outcome measured on the 30 min bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- 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
IMAGE broke below its head & shoulders on the 30-minute close at 22.60.
Projected target 20.76 (-8.1%). The pattern is invalidated beyond 24.20 (+7.1%), a reward-to-risk of about 1.2 : 1.
Structure: bullish external, bearish internal (strong low 22.54). Nearest supply OB 24.99 - 25.30.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 22.60.
- 2 The target, 20.76 (-8.1%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 24.20 (+7.1%), cancels the setup.
- 4 Reward : risk is 1.2 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.