PSX · TEXTILE COMPOSITE · 30 Min
ANL Head & Shoulders breakdown
Azgard Nine Limited · 28 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 8.59 on the breakout. Target 6.97, invalidation 9.10.
Trade plan
● Active- Close
- 8.59
- ▼ 2.83%
- Target
- 6.97
- -18.9%
- Invalidation
- 9.10
- +5.9%
RiskReward
- Reward : risk
- 3.2 : 1
- ATR
- 0.16
- Price now
- 8.50 -1.1%
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
ANL broke below its head & shoulders on the 30-minute close at 8.59.
Projected target 6.97 (-18.9%). The pattern is invalidated beyond 9.10 (+5.9%), a reward-to-risk of about 3.2 : 1.
Structure: bullish external, bullish internal (strong low 8.26). Nearest supply OB 9.72 - 10.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 8.59.
- 2 The target, 6.97 (-18.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 9.10 (+5.9%), cancels the setup.
- 4 Reward : risk is 3.2 : 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.