PSX · TEXTILE COMPOSITE · 1 Hour
GFIL Head & Shoulders breakdown
Ghazi Fabrics International Limited · 27 Oct 2026 · 11:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 25.21 on the breakout. Target 20.42, invalidation 26.89.
Trade plan
● Active- Close
- 25.21
- ▼ 3.04%
- Target
- 20.42
- -19.0%
- Invalidation
- 26.89
- +6.7%
RiskReward
- Reward : risk
- 2.9 : 1
- ATR
- 0.51
- Price now
- 26.00 +3.1%
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
GFIL broke below its head & shoulders on the hourly close at 25.21.
Projected target 20.42 (-19.0%). The pattern is invalidated beyond 26.89 (+6.7%), a reward-to-risk of about 2.9 : 1.
Structure: bearish external, bullish internal (strong high 35.18). Nearest demand OB 24.75 - 24.79.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 25.21.
- 2 The target, 20.42 (-19.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 26.89 (+6.7%), cancels the setup.
- 4 Reward : risk is 2.9 : 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.