PSX · TEXTILE SPINNING · 1 Hour
KOHTM Head & Shoulders forming
Kohat Textile Mills Limited · 28 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 90.00
- ▼ 2.14%
- Target
- 46.66
- -48.2%
- Invalidation
- —
- ATR
- 2.52
- 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
KOHTM has completed a head & shoulders on the hourly chart with the head at 125.99 and the neckline at 88.81.
The pattern is confirmed by a hourly close below 88.31. The measured move from the neckline points to 46.66 (-47.5%). A close beyond the head at 125.99 cancels it.
Structure: bearish external, bullish internal (strong high 210.00). Nearest demand OB 55.00 - 55.10, supply OB 97.10 - 99.97.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 90.00.
- 2 The target, 46.66 (-48.2%), is the pattern's height projected from the breakout.
- 3 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.