PSX · EXCHANGE TRADED FUNDS
MIIETF Inverse Head & Shoulders forming — 1 Hour chart signal
Mahaana Islamic Index ETF
1 Hour 15 Oct 2026 · 10:30 PKT
Close
15.86
▲ 0.25%
Inverse Head & Shoulders forming
Chart pattern With the trend
MIIETF has completed an inverse head & shoulders on the hourly chart with the head at 14.40 and the neckline at 15.90.
The pattern is confirmed by a hourly close above 15.92. The measured move from the neckline points to 17.68 (+11.2%). A close beyond the head at 14.40 cancels it.
Structure: bullish external, bearish internal (strong low 14.40). Nearest supply OB 16.65 - 16.73.