PSX · ENGINEERING · 30 Min
DADX Inverse Head & Shoulders forming
Dadex Eternit Limited · 19 Oct 2026 · 11:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 192.00
- ▲ 7.26%
- Target
- 237.51
- +23.7%
- Invalidation
- —
- ATR
- 4.94
- 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
DADX has completed an inverse head & shoulders on the 30-minute chart with the head at 163.10 and the neckline at 203.65.
The pattern is confirmed by a 30-minute close above 204.64. The measured move from the neckline points to 237.51 (+16.6%). A close beyond the head at 163.10 cancels it.
Structure: bullish external, bullish internal (strong low 123.75). Nearest demand OB 168.00 - 171.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 192.00.
- 2 The target, 237.51 (+23.7%), is the pattern's height projected from the breakout.
- 3 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.