PSX is consolidating within a potential bullish flag after a strong upward move. Price is approaching a key confluence zone around 37.0–38.0, where previous resistance has turned into support, aligning with the rising trendline.
A possible retest or liquidity sweep may occur before the next move. Wait for a confirmed flag breakout and a strong reaction from trendline support to validate the bullish continuation scenario. A breakdown below this confluence zone would weaken the bullish structure.