PSX · TEXTILE SPINNING · 30 Min
ARCTM Head & Shoulders forming
Arctic Textile Mills Limited · 10 Nov 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 71.00
- ▼ 2.08%
- Target
- 58.10
- -18.2%
- Invalidation
- —
- ATR
- 1.60
- 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
ARCTM has completed a head & shoulders on the 30-minute chart with the head at 82.00 and the neckline at 70.07.
The pattern is confirmed by a 30-minute close below 69.75. The measured move from the neckline points to 58.10 (-17.1%). A close beyond the head at 82.00 cancels it.
Structure: bullish external, bullish internal (strong low 33.25). Nearest demand OB 50.00 - 52.70.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 71.00.
- 2 The target, 58.10 (-18.2%), is the pattern's height projected from the breakout.
- 3 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.