PSX · TEXTILE SPINNING · 30 Min
GADT Head & Shoulders forming
Gadoon Textile Mills Limited · 19 Oct 2026 · 09:30 PKT
▼ Bearish Forming Chart pattern With the trend
Trade plan
- Close
- 285.01
- ▼ 1.38%
- Target
- 254.92
- -10.6%
- Invalidation
- —
- ATR
- 2.90
- 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
GADT has completed a head & shoulders on the 30-minute chart with the head at 311.20 and the neckline at 283.10.
The pattern is confirmed by a 30-minute close below 282.52. The measured move from the neckline points to 254.92 (-10.0%). A close beyond the head at 311.20 cancels it.
Structure: bearish external, bullish internal (strong high 322.00). Nearest demand OB 275.00 - 279.00, supply OB 323.00 - 325.10.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing below the pattern at 285.01.
- 2 The target, 254.92 (-10.6%), is the pattern's height projected from the breakout.
- 3 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.