PSX · COMMERCIAL BANKS · 30 Min
FABL Inverse Head & Shoulders breakout
Faysal Bank Limited · 03 Nov 2026 · 09:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 92.99 on the breakout. Target 96.40, invalidation 90.96.
Trade plan
● Active- Close
- 92.99
- ▲ 0.55%
- Target
- 96.40
- +3.7%
- Invalidation
- 90.96
- -2.2%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.39
- Price now
- 93.14 +0.2%
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
FABL broke above its inverse head & shoulders on the 30-minute close at 92.99.
Projected target 96.40 (+3.7%). The pattern is invalidated beyond 90.96 (-2.2%), a reward-to-risk of about 1.7 : 1.
Structure: bearish external, bullish internal (strong high 103.99). Nearest demand OB 88.95 - 89.35, supply OB 95.65 - 95.75.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 92.99.
- 2 The target, 96.40 (+3.7%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 90.96 (-2.2%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.