PSX · TEXTILE SPINNING · 1 Hour
CFL Head & Shoulders breakdown
Crescent Fibres Limited · 06 Nov 2026 · 08:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 53.05 on the breakout. Target 12.24, invalidation 61.00.
Trade plan
✕ Invalidated- Close
- 53.05
- ▼ 5.44%
- Target
- 12.24
- -76.9%
- Invalidation
- 61.00
- +15.0%
RiskReward
- Reward : risk
- 5.1 : 1
- ATR
- 2.57
- Price now
- 67.77 +27.8%
- Resolved
- 06 Nov · 15:30
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
CFL broke below its head & shoulders on the hourly close at 53.05.
Projected target 12.24 (-76.9%). The pattern is invalidated beyond 61.00 (+15.0%), a reward-to-risk of about 5.1 : 1.
Structure: bullish external, bearish internal (strong low 46.00). Nearest supply OB 61.01 - 62.30.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 53.05.
- 2 The target, 12.24 (-76.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 61.00 (+15.0%), cancels the setup.
- 4 Reward : risk is 5.1 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against 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.