PSX · TEXTILE COMPOSITE · 30 Min
FML Inverse Head & Shoulders breakout
Feroze1888 Mills Limited · 27 Oct 2026 · 11:00 PKT
▲ Bullish Breakout Pattern breakout Against the trend
Closed at 42.00 on the breakout. Target 46.78, invalidation 40.61.
Trade plan
● Active- Close
- 42.00
- ▲ 0.60%
- Target
- 46.78
- +11.4%
- Invalidation
- 40.61
- -3.3%
RiskReward
- Reward : risk
- 3.4 : 1
- ATR
- 0.62
- Price now
- 41.99 0.0%
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
FML broke above its inverse head & shoulders on the 30-minute close at 42.00.
Projected target 46.78 (+11.4%). The pattern is invalidated beyond 40.61 (-3.3%), a reward-to-risk of about 3.4 : 1.
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 42.00.
- 2 The target, 46.78 (+11.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 40.61 (-3.3%), cancels the setup.
- 4 Reward : risk is 3.4 : 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.