PSX · EXCHANGE TRADED FUNDS · 30 Min
MZNPETF Bearish break of structure
Meezan Pakistan ETF · 23 Oct 2026 · 10:30 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 16.72
- ▼ 0.48%
- Broken level
- 16.77
- +0.3%
- CHoCH level
- 17.60
- +5.3%
- ATR
- 0.07
- 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
MZNPETF closed below the external swing low at 16.77 from 11 Sep 09:30 - the bearish trend continues.
The 30-minute close at 16.72 confirms it. The new external CHoCH level (strong high) is 17.60: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 17.60). Nearest supply OB 16.82 - 16.91.
How to read this signal
- 1 Price closed below the swing level at 16.77, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 17.60 (+5.3%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the break of structure (bos)
A break of structure (BOS) is a close beyond the last swing high in an uptrend, or swing low in a downtrend: the trend making a new leg.
- Confirmation
- A candle close beyond the swing high or low.
- Target
- No fixed target: the next liquidity area or weak high / low.
- Fails if
- A close beyond the CHoCH level, which would change the structure.