PSX · TEXTILE COMPOSITE · 1 Hour
MSOT Head & Shoulders breakdown
Masood Textile Mills Limited · 23 Oct 2026 · 10:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 163.00 on the breakout. Target 135.37, invalidation 194.95.
Trade plan
● Active- Close
- 163.00
- ▼ 4.12%
- Target
- 135.37
- -17.0%
- Invalidation
- 194.95
- +19.6%
RiskReward
- Reward : risk
- 0.9 : 1
- ATR
- 4.00
- Price now
- 163.00 0.0%
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
MSOT broke below its head & shoulders on the hourly close at 163.00.
Projected target 135.37 (-17.0%). The pattern is invalidated beyond 194.95 (+19.6%), a reward-to-risk of about 0.9 : 1.
Structure: bearish external, bearish internal (strong high 212.33). Nearest demand OB 149.00 - 151.90, supply OB 173.00 - 177.43.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 163.00.
- 2 The target, 135.37 (-17.0%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 194.95 (+19.6%), cancels the setup.
- 4 Reward : risk is 0.9 : 1: the distance to the target divided by the distance to invalidation.
- 5 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.