PSX · TEXTILE COMPOSITE · 1 Hour
ILP Head & Shoulders breakdown
Interloop Limited · 26 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 90.73 on the breakout. Target 85.91, invalidation 95.30.
Trade plan
● Active- Close
- 90.73
- ▼ 0.73%
- Target
- 85.91
- -5.3%
- Invalidation
- 95.30
- +5.0%
RiskReward
- Reward : risk
- 1.1 : 1
- ATR
- 0.99
- Price now
- 91.00 +0.3%
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
ILP broke below its head & shoulders on the hourly close at 90.73.
Projected target 85.91 (-5.3%). The pattern is invalidated beyond 95.30 (+5.0%), a reward-to-risk of about 1.1 : 1.
Structure: bullish external, bearish internal (strong low 68.16). Nearest demand OB 83.53 - 84.49, supply OB 96.01 - 97.97.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 90.73.
- 2 The target, 85.91 (-5.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 95.30 (+5.0%), 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.