PSX · TEXTILE COMPOSITE · 30 Min
MSOT Head & Shoulders forming
Masood Textile Mills Limited · 06 Nov 2026 · 16:00 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 138.00
- ▼ 2.81%
- Target
- 109.49
- -20.7%
- Invalidation
- —
- ATR
- 3.94
- 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
MSOT has completed a head & shoulders on the 30-minute chart with the head at 160.00 and the neckline at 135.51.
The pattern is confirmed by a 30-minute close below 134.72. The measured move from the neckline points to 109.49 (-19.2%). A close beyond the head at 160.00 cancels it.
Structure: bearish external, bullish internal (strong high 212.33). Nearest demand OB 90.07 - 91.00, supply OB 192.55 - 195.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 138.00.
- 2 The target, 109.49 (-20.7%), 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.