PSX · TEXTILE SPINNING · 1 Hour
KOSM Inverse Head & Shoulders forming
Kohinoor Spinning Mills Limited · 04 Nov 2026 · 12:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 5.48
- ▲ 1.86%
- Target
- 6.40
- +16.8%
- Invalidation
- —
- ATR
- 0.10
- 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
KOSM has completed an inverse head & shoulders on the hourly chart with the head at 5.03 and the neckline at 5.75.
The pattern is confirmed by a hourly close above 5.77. The measured move from the neckline points to 6.40 (+11.3%). A close beyond the head at 5.03 cancels it.
Structure: bearish external, bearish internal (strong high 7.29). Nearest demand OB 4.95 - 5.00, supply OB 6.44 - 6.48.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 5.48.
- 2 The target, 6.40 (+16.8%), is the pattern's height projected from the breakout.
- 3 Trend context: against 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.