PSX · TEXTILE COMPOSITE · 1 Hour
ADMM Inverse Head & Shoulders breakout
Artistic Denim Mills Limited · 21 Oct 2026 · 13:30 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 51.62 on the breakout. Target 57.45, invalidation 50.02.
Trade plan
● Active- Close
- 51.62
- ▲ 2.22%
- Target
- 57.45
- +11.3%
- Invalidation
- 50.02
- -3.1%
RiskReward
- Reward : risk
- 3.6 : 1
- ATR
- 0.87
- Price now
- 51.00 -1.2%
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
ADMM broke above its inverse head & shoulders on the hourly close at 51.62.
Projected target 57.45 (+11.3%). The pattern is invalidated beyond 50.02 (-3.1%), a reward-to-risk of about 3.6 : 1.
Structure: bearish external, bullish internal (strong high 64.90). Nearest demand OB 45.50 - 46.60, supply OB 74.00 - 75.00.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 51.62.
- 2 The target, 57.45 (+11.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 50.02 (-3.1%), cancels the setup.
- 4 Reward : risk is 3.6 : 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.