EGCH timeframe: 1 week Identified a bearish Gartley pattern with:
- Sell point: 11.00
- Targets: T1 at 9.55, T2 at 8.52
- Stop loss/rebuy: 12.00
However, prices may still rise if the weekly RSI closes above 70. Currently, MACD and RSI show no negative signs, and EGX30/EGX70 are reaching new highs, suggesting potential upward movement.
Disclaimer: This is not investment advice; consult your account manager before making decisions. Good luck.
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waiting for weekly close if prices still rising and closed weekly over 12.00 rebuy and then stop loss will be 11.00
good luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.