PSX · TEXTILE COMPOSITE · 30 Min
ADMM Inverse Head & Shoulders forming
Artistic Denim Mills Limited · 19 Oct 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 51.51
- ▲ 0.00%
- Target
- 58.29
- +13.2%
- Invalidation
- —
- ATR
- 0.47
- 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
ADMM has completed an inverse head & shoulders on the 30-minute chart with the head at 47.20 and the neckline at 51.99.
The pattern is confirmed by a 30-minute close above 52.08. The measured move from the neckline points to 58.29 (+12.1%). A close beyond the head at 47.20 cancels it.
Structure: bearish external, bullish internal (strong high 63.50). Nearest demand OB 45.30 - 46.98, supply OB 58.01 - 59.47.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 51.51.
- 2 The target, 58.29 (+13.2%), is the pattern's height projected from the breakout.
- 3 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.