PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
PSX Inverse Head & Shoulders breakout
Pakistan Stock Exchange Limited · 03 Nov 2026 · 12:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 41.44 on the breakout. Target 44.50, invalidation 39.50.
Trade plan
● Active- Close
- 41.44
- ▲ 0.53%
- Target
- 44.50
- +7.4%
- Invalidation
- 39.50
- -4.7%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 0.51
- Price now
- 41.33 -0.3%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
PSX broke above its inverse head & shoulders on the hourly close at 41.44.
Projected target 44.50 (+7.4%). The pattern is invalidated beyond 39.50 (-4.7%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bearish internal (strong low 35.01). Nearest demand OB 38.10 - 38.58, supply OB 44.95 - 45.50.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 41.44.
- 2 The target, 44.50 (+7.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 39.50 (-4.7%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with 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.