PSX · TEXTILE COMPOSITE · Daily
BTL Head & Shoulders forming
Blessed Textiles Limited · 05 Nov 2026
▼ Bearish Forming Chart pattern Against the trend
Trade plan
- Close
- 820.52
- ▲ 0.00%
- Target
- -110.37
- -113.5%
- Invalidation
- —
- ATR
- 46.51
- 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 Daily candles · click to enlarge
The breakdown
BTL has completed a head & shoulders on the daily chart with the head at 1,580.00 and the neckline at 736.39.
The pattern is confirmed by a daily close below 727.09. The measured move from the neckline points to -110.37 (-115.0%). A close beyond the head at 1,580.00 cancels it.
Structure: bullish external, bullish internal (strong low 202.00). Nearest bullish FVG 574.50 - 695.15.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing below the pattern at 820.52.
- 2 The target, -110.37 (-113.5%), 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.