PSX · TEXTILE SPINNING · 1 Hour
DWTM Inverse Head & Shoulders breakout
Dewan Textile Mills Limited · 13 Nov 2026 · 11:30 PKT
▲ Bullish Breakout Pattern breakout With the trend
Closed at 10.69 on the breakout. Target 13.31, invalidation 9.19.
Trade plan
● Active- Close
- 10.69
- ▲ 6.79%
- Target
- 13.31
- +24.5%
- Invalidation
- 9.19
- -14.0%
RiskReward
- Reward : risk
- 1.7 : 1
- ATR
- 0.42
- Price now
- 10.38 -2.9%
Outcome measured on the 1 hour 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 1 Hour candles · click to enlarge
The breakdown
DWTM broke above its inverse head & shoulders on the hourly close at 10.69.
Projected target 13.31 (+24.5%). The pattern is invalidated beyond 9.19 (-14.0%), a reward-to-risk of about 1.7 : 1.
Structure: bullish external, bullish internal (strong low 6.60). Nearest supply OB 10.90 - 11.64.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 10.69.
- 2 The target, 13.31 (+24.5%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.19 (-14.0%), cancels the setup.
- 4 Reward : risk is 1.7 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.