Using different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points. Combining technical...
Tomorrow's session titled "Sweetness of the Soul Before the Deep Dive to End the Correction Wave (c)," we've set our target projections between 28,900 and 30,200. Based on the Ichimoku Kinko Hyo analysis, current trends for the EGX30 do not show positive signals. The index is submerged deep within the Kumo, with the Kijun Sen exerting downward pressure, making it...
EGX30 is trading in the KUMO & Inflated. volume is soaring & Value is inflated .. confirmation for the recovery is as follows: 1- One Solid Green Bar (Marubuzo) above 28,400 level 2- Exiting the KUMO 3- Tenken sen is below the Marubuzo ANALYSIS in this video is based on Ichimoku & Elliot Waves Disclaimer: The content provided is for informational purposes only....
comparative analysis on different time frames between EGX30 EGP & USD Gateway to heaven started we might see a wick reaching LEVEL OF 29250 points TARGET 34K points (medium term target)
Remember that after each BOS, retracement occurs. Positive signals confirmed by Ichimoku Kinko Hyo & other indicators on different time frames as well. Next traget is 33K point.
EGX30: Accumulation Phase didn't end yet. $ & Value Stock will lead.
The shadow of RAS Hikma transaction on the construction sector was superb; however, process industries sector, and USD-base revenue companies lead the sharp fall. 3-4 days to recover based on ghosting the Bars pattern. in the mean time, FLOATING is the QUEEN. FORTY EIGHT is the jack of all spades. words of wisdom: he is no fool who gave up what he cant afford...
Urea & White sugar prices increased in the commodities market; this price increase will flirt with the bullish fertilizers sect of the EGX. ABUK & MFPC will lead EGX30 to the 30K Bar. SUGAR is TAILGAITING
Special Message from EGX 30 to COMI & MFPC:"Laissez-moi danser , chanter ... laissez moi " Bullish TK-Cross on daily Timeframe looking forward to reach 29,300 .. Turning point to start dancing Monday & Tuesday. 1.16% point will make Wednesday a brighter day. Thank you Dalida, je vais dancer Monday.
The Bebining & the ending of the trading day was outstanding. CCAP outbreak is exceptional
1H timeframe Target to continue the outbreak 28,411 - 28,785, and final destination 29,688. If $ parralel rate drops excpect to reach 27,925 Points (1.69%)
COMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall. Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks. EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.
still consolidating... Defensive industries are the sole Winners such as Pharmaceuticals, Real State development, and/or food. Losers are USD hedge , High Net Debt absolute vlaue, and/or High YoY debt growth companies. Basically its a defensive bullish market with strong Fixed Asset in Balance Sheet .