PSX · TEXTILE COMPOSITE · 30 Min
FML Head & Shoulders forming
Feroze1888 Mills Limited · 11 Nov 2026 · 11:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 40.00
- ▲ 0.00%
- Target
- 36.30
- -9.3%
- Invalidation
- —
- ATR
- 0.33
- 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
FML has completed a head & shoulders on the 30-minute chart with the head at 41.99 and the neckline at 39.19.
The pattern is confirmed by a 30-minute close below 39.12. The measured move from the neckline points to 36.30 (-7.4%). A close beyond the head at 41.99 cancels it.
Structure: bearish external, bearish internal (strong high 47.10). Nearest supply OB 44.51 - 45.45.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 40.00.
- 2 The target, 36.30 (-9.3%), is the pattern's height projected from the breakout.
- 3 Trend context: with 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.