Tech Analysis KSE-100 (H TF) by THE CHART ALCHEMIST | 24-02-2026KSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTTech Analysis KSE-100 (H TF) by THE CHART ALCHEMIST | 24-02-2026 Breakdown from Distribution Channel: After reaching the top of the weekly bullish channel (marked in light blue), the KSE-100 transitioned into a bearish leg on the lower 1-hour timeframe. It broke down through a yellow-marked distribution channel, establishing a new key support around 168,720 points. Bearish Leg in Progress: The index is now in a bearish move, marked in light pink. It is expected to test an immediate support around 162,970 points. After this potential bounce, a minor upward retracement may occur toward the immediate resistance at 168,360 points. From there, we expect a continuation of the bearish channel, guiding the index toward the main support at 158,800 points. Alignment with Higher Timeframe: This main support aligns with the bottom of the higher timeframe bullish channel. If the index holds this level, we may see a reversal back upward toward the top of the weekly channel. Along this journey, it will encounter the immediate resistance again at 168,360, and the main resistance at 180,700 points. If price sustains above these levels, the bullish momentum may resume. Current Trend Status: At this stage, the index remains in a bearish leg within the larger bullish trend. It is not yet a full-blown bearish reversal, but traders should stay cautious and monitor these critical levels closely.