PSX · TEXTILE SPINNING · 30 Min
JATM Inverse Head & Shoulders forming
J.A. Textile Mills Limited · 27 Oct 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 56.36
- ▲ 8.39%
- Target
- 69.70
- +23.7%
- Invalidation
- —
- ATR
- 1.75
- 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
JATM has completed an inverse head & shoulders on the 30-minute chart with the head at 41.75 and the neckline at 56.30.
The pattern is confirmed by a 30-minute close above 56.65. The measured move from the neckline points to 69.70 (+23.8%). A close beyond the head at 41.75 cancels it.
Structure: bullish external, bullish internal (strong low 32.05). Nearest demand OB 48.50 - 49.80, supply OB 61.63 - 64.49.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 56.36.
- 2 The target, 69.70 (+23.7%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.