PSX · TEXTILE SPINNING · 30 Min
ARCTM Head & Shoulders breakdown
Arctic Textile Mills Limited · 12 Nov 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 68.00 on the breakout. Target 58.12, invalidation 77.00.
Trade plan
● Active- Close
- 68.00
- ▼ 3.82%
- Target
- 58.12
- -14.5%
- Invalidation
- 77.00
- +13.2%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 1.77
- Price now
- 68.00 0.0%
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
ARCTM broke below its head & shoulders on the 30-minute close at 68.00.
Projected target 58.12 (-14.5%). The pattern is invalidated beyond 77.00 (+13.2%), a reward-to-risk of about 1.1 : 1.
Structure: bullish external, bearish internal (strong low 33.25). Nearest demand OB 50.00 - 52.70, supply OB 71.00 - 74.00.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 68.00.
- 2 The target, 58.12 (-14.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 77.00 (+13.2%), cancels the setup.
- 4 Reward : risk is 1.1 : 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.