PSX · CABLE & ELECTRICAL GOODS · 1 Hour
SIEM Head & Shoulders breakdown
Siemens (Pakistan) Engineering · 19 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 1,550.00 on the breakout. Target 1,304.18, invalidation 1,644.50.
Trade plan
● Active- Close
- 1,550.00
- ▼ 0.64%
- Target
- 1,304.18
- -15.9%
- Invalidation
- 1,644.50
- +6.1%
RiskReward
- Reward : risk
- 2.6 : 1
- ATR
- 19.57
- Price now
- 1,585.00 +2.3%
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
SIEM broke below its head & shoulders on the hourly close at 1,550.00.
Projected target 1,304.18 (-15.9%). The pattern is invalidated beyond 1,644.50 (+6.1%), a reward-to-risk of about 2.6 : 1.
Structure: bearish external, bearish internal (strong high 1,644.50). Nearest supply OB 1,580.00 - 1,585.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 1,550.00.
- 2 The target, 1,304.18 (-15.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 1,644.50 (+6.1%), cancels the setup.
- 4 Reward : risk is 2.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.