PSX · EXCHANGE TRADED FUNDS
MZNPETF Head & Shoulders forming — 1 Hour chart signal
Meezan Pakistan ETF
1 Hour 09 Oct 2026 · 11:30 PKT
Close
17.23
▼ 0.06%
Head & Shoulders forming
Chart pattern With the trend
MZNPETF has completed a head & shoulders on the hourly chart with the head at 17.60 and the neckline at 16.98.
The pattern is confirmed by a hourly close below 16.96. The measured move from the neckline points to 16.38 (-3.5%). A close beyond the head at 17.60 cancels it. Still active - first identified on 08 Oct 2026 14:30.
Structure: bearish external, bullish internal (strong high 18.24). Nearest supply OB 17.92 - 18.00.
More for MZNPETF
MZNPETF company page →Head & Shoulders breakdown
MZNPETF broke below its head & shoulders on the hourly close at 16.96.
14 Oct 2026 · 09:30 PKT Pattern breakout
Symmetrical Triangle breakdown
MZNPETF broke below its symmetrical triangle on the 30-minute close at 17.12.
12 Oct 2026 · 10:30 PKT Pattern breakout
Symmetrical Triangle breakdown
MZNPETF broke below its symmetrical triangle on the 30-minute close at 17.07.
12 Oct 2026 · 09:30 PKT Pattern breakout
Symmetrical Triangle forming
MZNPETF is compressing inside a symmetrical triangle on the 30-minute chart - 5 swing points, 9.2x ATR wide at the start.
12 Oct 2026 · 09:30 PKT Chart pattern