PSX · EXCHANGE TRADED FUNDS · Daily
MZNPETF Bearish break of structure
Meezan Pakistan ETF · 22 Oct 2026
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 16.83
- ▼ 1.06%
- Broken level
- 16.91
- +0.5%
- CHoCH level
- 18.24
- +8.4%
- ATR
- 0.23
- 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
MZNPETF closed below the external swing low at 16.91 from 24 Jul 2026 - the bearish trend continues.
The daily close at 16.83 confirms it. The new external CHoCH level (strong high) is 18.24: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 18.24). Nearest demand OB 16.18 - 16.61, supply OB 17.66 - 17.94.
How to read this signal
- 1 Price closed below the swing level at 16.91, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 18.24 (+8.4%).
- 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.