PSX · CEMENT · 1 Hour
LUCK Inverse Head & Shoulders forming
Lucky Cement Limited · 02 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 396.00
- ▲ 0.57%
- Target
- 420.31
- +6.1%
- Invalidation
- —
- ATR
- 3.32
- 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
LUCK has completed an inverse head & shoulders on the hourly chart with the head at 382.13 and the neckline at 400.33.
The pattern is confirmed by a hourly close above 400.99. The measured move from the neckline points to 420.31 (+5.0%). A close beyond the head at 382.13 cancels it.
Structure: bearish external, bullish internal (strong high 407.00). Nearest demand OB 382.13 - 386.16, supply OB 404.11 - 407.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 396.00.
- 2 The target, 420.31 (+6.1%), 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.