PSX · GLASS & CERAMICS · 1 Hour
GVGL Inverse Head & Shoulders forming
Ghani Value Glass Limited · 03 Nov 2026 · 10:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 51.90
- ▲ 3.80%
- Target
- 56.62
- +9.1%
- Invalidation
- —
- ATR
- 0.71
- 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
GVGL has completed an inverse head & shoulders on the hourly chart with the head at 48.30 and the neckline at 52.04.
The pattern is confirmed by a hourly close above 52.18. The measured move from the neckline points to 56.62 (+8.8%). A close beyond the head at 48.30 cancels it.
Structure: bearish external, bullish internal (strong high 61.39). Nearest demand OB 48.51 - 48.79, supply OB 71.36 - 72.98.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 51.90.
- 2 The target, 56.62 (+9.1%), 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.