PSX · ENGINEERING · 30 Min
MSCL Head & Shoulders breakdown
Metropolitan Steel Corporation Limited · 30 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 19.50 on the breakout. Target 12.62, invalidation 22.60.
Trade plan
● Active- Close
- 19.50
- ▼ 2.50%
- Target
- 12.62
- -35.3%
- Invalidation
- 22.60
- +15.9%
RiskReward
- Reward : risk
- 2.2 : 1
- ATR
- 0.46
- Price now
- 19.50 0.0%
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
MSCL broke below its head & shoulders on the 30-minute close at 19.50.
Projected target 12.62 (-35.3%). The pattern is invalidated beyond 22.60 (+15.9%), a reward-to-risk of about 2.2 : 1.
Structure: bullish external, bearish internal (strong low 16.95). Nearest demand OB 18.00 - 18.03, supply OB 20.16 - 20.49.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 19.50.
- 2 The target, 12.62 (-35.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.60 (+15.9%), cancels the setup.
- 4 Reward : risk is 2.2 : 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.