PSX · CEMENT · 1 Hour
MLCF Head & Shoulders breakdown
Maple Leaf Cement Factory Limited · 19 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 89.52 on the breakout. Target 84.66, invalidation 91.48.
Trade plan
● Active- Close
- 89.52
- ▼ 0.20%
- Target
- 84.66
- -5.4%
- Invalidation
- 91.48
- +2.2%
RiskReward
- Reward : risk
- 2.5 : 1
- ATR
- 0.65
- Price now
- 89.52 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
MLCF broke below its head & shoulders on the hourly close at 89.52.
Projected target 84.66 (-5.4%). The pattern is invalidated beyond 91.48 (+2.2%), a reward-to-risk of about 2.5 : 1.
Structure: bearish external, bullish internal (strong high 132.99). Nearest demand OB 88.25 - 88.94, supply OB 93.60 - 94.84.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 89.52.
- 2 The target, 84.66 (-5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 91.48 (+2.2%), cancels the setup.
- 4 Reward : risk is 2.5 : 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.