PSX · TEXTILE COMPOSITE · 30 Min
FML Inverse Head & Shoulders forming
Feroze1888 Mills Limited · 27 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 41.00
- ▲ 0.00%
- Target
- 47.02
- +14.7%
- Invalidation
- —
- ATR
- 0.67
- 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
FML has completed an inverse head & shoulders on the 30-minute chart with the head at 38.25 and the neckline at 42.04.
The pattern is confirmed by a 30-minute close above 42.17. The measured move from the neckline points to 47.02 (+11.8%). A close beyond the head at 38.25 cancels it.
Structure: bearish external, bearish internal (strong high 47.10). Nearest demand OB 38.00 - 38.02, supply OB 44.51 - 45.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 41.00.
- 2 The target, 47.02 (+14.7%), 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.