**MTL — Monthly SFO: Golden Pocket Watch, Confirmation Pending**

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**MTL — Monthly SFO: Golden Pocket Watch, Confirmation Pending**Millat Tractors LimitedPSX_DLY:MTLAsif_Brain_Waves Millat Tractors Limited (PSX:MTL) is trading near **PKR 280.10** following its recovery and subsequent pullback. The SFO source equilibrium near **312** has already been touched, producing the **“TP1 HIT — BUY (ref)”** label. However, the dashboard still reads **“Y BUY Wait HTF close,”** so entry qualification remains pending. The highlighted **258–265 Golden Pocket** is the main area I am watching for a potential bullish reaction. Price remains above this zone. A qualifying test, fresh Monthly bullish CISD, and the required Yearly source confirmation would be needed before considering an SFO entry. Following a valid reaction, the recovery checkpoints would be: - **275–280:** reclaim and hold. - **300–312:** overhead resistance and source-equilibrium retest. - **380:** conditional source-high reference, subject to continued setup validity. A break below the pocket’s lower boundary would invalidate the proposed pocket-reaction opportunity. The prior source low near **244** and saved sweep extreme near **233** serve separate structural roles; any confirmed entry should follow its own protective-stop rules. **Bias:** Conditional bullish recovery after a qualifying retracement and confirmation. The dotted path illustrates a possible scenario; its timing and outcome remain uncertain. *Levels are approximate and based on the supplied Monthly chart.*