PSX · INSURANCE · 1 Hour
CSIL Head & Shoulders forming
Crescent Star Insurance Limited · 02 Nov 2026 · 10:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 5.15
- ▲ 0.00%
- Target
- 3.87
- -24.9%
- Invalidation
- —
- ATR
- 0.13
- 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
CSIL has completed a head & shoulders on the hourly chart with the head at 5.98 and the neckline at 4.89.
The pattern is confirmed by a hourly close below 4.86. The measured move from the neckline points to 3.87 (-20.8%). A close beyond the head at 5.98 cancels it.
Structure: bullish external, bullish internal (strong low 3.26). Nearest demand OB 4.40 - 4.68, supply OB 6.33 - 6.55.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 5.15.
- 2 The target, 3.87 (-24.9%), is the pattern's height projected from the breakout.
- 3 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.