PSX · MISCELLANEOUS · 30 Min
ECOP Inverse Head & Shoulders forming
Ecopack Limited · 30 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 40.35
- ▲ 0.25%
- Target
- 49.37
- +22.4%
- Invalidation
- —
- ATR
- 0.50
- 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
ECOP has completed an inverse head & shoulders on the 30-minute chart with the head at 37.13 and the neckline at 43.39.
The pattern is confirmed by a 30-minute close above 43.49. The measured move from the neckline points to 49.37 (+13.8%). A close beyond the head at 37.13 cancels it.
Structure: bearish external, bullish internal (strong high 43.87). Nearest demand OB 37.13 - 38.00, supply OB 43.40 - 43.55.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 40.35.
- 2 The target, 49.37 (+22.4%), 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.