PSX · TEXTILE SPINNING · 1 Hour
GADT Inverse Head & Shoulders forming
Gadoon Textile Mills Limited · 05 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern With the trend
Trade plan
- Close
- 294.99
- ▲ 1.02%
- Target
- 353.96
- +20.0%
- Invalidation
- —
- ATR
- 4.50
- 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
GADT has completed an inverse head & shoulders on the hourly chart with the head at 260.00 and the neckline at 305.65.
The pattern is confirmed by a hourly close above 306.55. The measured move from the neckline points to 353.96 (+15.8%). A close beyond the head at 260.00 cancels it.
Structure: bullish external, bullish internal (strong low 265.10). Nearest demand OB 278.50 - 283.88, supply OB 323.00 - 325.10.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 294.99.
- 2 The target, 353.96 (+20.0%), 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.