PSX · TECHNOLOGY & COMMUNICATION · 30 Min
STL Head & Shoulders breakdown
Supernet Technologies Limited · 02 Nov 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 21.50 on the breakout. Target 20.64, invalidation 22.58.
Trade plan
● Active- Close
- 21.50
- ▼ 1.74%
- Target
- 20.64
- -4.0%
- Invalidation
- 22.58
- +5.0%
RiskReward
- Reward : risk
- 0.8 : 1
- ATR
- 0.31
- Price now
- 21.70 +0.9%
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
STL broke below its head & shoulders on the 30-minute close at 21.50.
Projected target 20.64 (-4.0%). The pattern is invalidated beyond 22.58 (+5.0%), a reward-to-risk of about 0.8 : 1.
Structure: bearish external, bearish internal (strong high 23.50). Nearest supply OB 23.91 - 24.01.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 21.50.
- 2 The target, 20.64 (-4.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 22.58 (+5.0%), cancels the setup.
- 4 Reward : risk is 0.8 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.