PSX · MISCELLANEOUS · 30 Min
PSEL Inverse Head & Shoulders breakout
Pakistan Services Limited · 30 Oct 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 1,015.00 on the breakout. Target 1,105.50, invalidation 970.00.
Trade plan
● Active- Close
- 1,015.00
- ▲ 1.50%
- Target
- 1,105.50
- +8.9%
- Invalidation
- 970.00
- -4.4%
RiskReward
- Reward : risk
- 2.0 : 1
- ATR
- 15.87
- Price now
- 1,001.54 -1.3%
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
PSEL broke above its inverse head & shoulders on the 30-minute close at 1,015.00.
Projected target 1,105.50 (+8.9%). The pattern is invalidated beyond 970.00 (-4.4%), a reward-to-risk of about 2.0 : 1.
Structure: bullish external, bearish internal (strong low 805.00). Nearest demand OB 900.00 - 908.00, supply OB 1,130.05 - 1,154.97.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 1,015.00.
- 2 The target, 1,105.50 (+8.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 970.00 (-4.4%), cancels the setup.
- 4 Reward : risk is 2.0 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.