PSX · TEXTILE COMPOSITE · 30 Min
TOWL Head & Shoulders breakdown
Towellers Limited · 06 Nov 2026 · 09:00 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 122.00 on the breakout. Target 107.41, invalidation 127.99.
Trade plan
✕ Invalidated- Close
- 122.00
- ▼ 2.78%
- Target
- 107.41
- -12.0%
- Invalidation
- 127.99
- +4.9%
RiskReward
- Reward : risk
- 2.4 : 1
- ATR
- 1.70
- Price now
- 131.95 +8.2%
- Resolved
- 06 Nov · 11:00
Outcome measured on the 30 min 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 30 Min candles · click to enlarge
The breakdown
TOWL broke below its head & shoulders on the 30-minute close at 122.00.
Projected target 107.41 (-12.0%). The pattern is invalidated beyond 127.99 (+4.9%), a reward-to-risk of about 2.4 : 1.
Structure: bullish external, bullish internal (strong low 113.00). Nearest demand OB 120.00 - 120.01, supply OB 152.26 - 157.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 122.00.
- 2 The target, 107.41 (-12.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 127.99 (+4.9%), cancels the setup.
- 4 Reward : risk is 2.4 : 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.