PSX · TEXTILE SPINNING · Daily
CTM Inverse Head & Shoulders breakout
Colony Textile Mills Limited · 28 Oct 2026
▲ Bullish Breakout Pattern breakout With the trend
Closed at 7.34 on the breakout. Target 12.25, invalidation 6.31.
Trade plan
- Close
- 7.34
- ▲ 15.77%
- Target
- 12.25
- +66.9%
- Invalidation
- 6.31
- -14.0%
RiskReward
- Reward : risk
- 4.8 : 1
- ATR
- 0.37
- 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 Daily candles · click to enlarge
The breakdown
CTM broke above its inverse head & shoulders on the daily close at 7.34.
Projected target 12.25 (+66.9%). The pattern is invalidated beyond 6.31 (-14.0%), a reward-to-risk of about 4.8 : 1.
Structure: bullish external, bearish internal (strong low 2.55). Nearest demand OB 3.33 - 3.60.
How to read this signal
- 1 The breakout was confirmed by the daily candle closing above the pattern at 7.34.
- 2 The target, 12.25 (+66.9%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 6.31 (-14.0%), cancels the setup.
- 4 Reward : risk is 4.8 : 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.