Technical Analysis: PSX Index (KSE-100) – 1-Hour TimeframeKSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTTechnical Analysis: PSX Index (KSE-100) – 1-Hour Timeframe By The Chart Alchemist --- Market Structure Overview After reaching its all-time high, the index entered a bearish correction, with the latter phase confined within a defined bearish channel (light pink). This was followed by a lateral consolidation phase forming a horizontal range (light blue), characteristic of a Wyckoff accumulation structure. --- Breakout & Trend Development The index has successfully broken out of the accumulation range, signaling a structural shift toward bullish continuation. Price action has already completed two impulsive upward legs, and one additional push to the upside is anticipated before any significant correction. --- Upside Projection The ongoing bullish leg is expected to extend toward the primary oblique resistance, which also serves as the initial target at: 180,700 points --- Support Levels Immediate Support: 166,360 Secondary Support: 161,000 Critical Support: 144,700 --- Resistance Levels Immediate Resistance: 171,600 Secondary Resistance: 177,780 Main Resistance / Initial Target: 180,700 Final Resistance: 190,800 --- Conclusion The index maintains a bullish bias on the 1-hour timeframe, with strong potential for further upside continuation toward the 180,700 level before any major corrective phase develops.