PSX · EXCHANGE TRADED FUNDS · 1 Hour
JSMFETF Inverse Head & Shoulders breakout
JS Momentum Factor Exchange Traded Fund · 04 Nov 2026 · 14:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 10.06 on the breakout. Target 10.91, invalidation 9.78.
Trade plan
● Active- Close
- 10.06
- ▲ 0.60%
- Target
- 10.91
- +8.4%
- Invalidation
- 9.78
- -2.8%
RiskReward
- Reward : risk
- 3.0 : 1
- ATR
- 0.08
- Price now
- 10.06 0.0%
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
JSMFETF broke above its inverse head & shoulders on the hourly close at 10.06.
Projected target 10.91 (+8.4%). The pattern is invalidated beyond 9.78 (-2.8%), a reward-to-risk of about 3.0 : 1.
Structure: bearish external, bearish internal (strong high 11.54). Nearest supply OB 10.25 - 10.35.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 10.06.
- 2 The target, 10.91 (+8.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.78 (-2.8%), cancels the setup.
- 4 Reward : risk is 3.0 : 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.