EGX30 on 30-min chart, is on a support level 16600, and should turn upwards. Breaking this level down will take the index to 15600 - 15700 level. However, RSI is positively in the buy region.
After the thirtieth index reached the levels of 9500 points, affected by the successive crises of the repercussions of the Corona virus and the exit of hot money after the beginning of the Federal Reserve interest rate hike. The Egyptian stock market was suffering from severe frustration until the signs of breakthrough appeared from the first of October and...
EGX30 will break the previous resistance at 17750 and the historical resistance at 18400 in 2018 because of the repeated devaluations of the currency against the USD
EGX30 will break the previous resistance at 17750 and the historical resistance at 18400 in 2018 because of the repeated devaluations of the currency against the USD
We had quite an impulsive run on EGX30 since summer 2022 with more than 105% gain however, nothing lasts forever :( We're due for a correction!! In the light of my elliot wave count, we should anticipate wave 4 to correct anywhere between 11 - 30%. I personally expect a 24% correction to meet the golden ratio (0.618 feb) for the retracement, with an invalidation...
The end of the corrective rise of the Egyptian Stock Exchange is approaching, and it is expected to have a final collapse of wave completion areas C
EGX30 is going up after breaking consolidation at shown level.
According to my analysis to EGX30. I see that its about to collapse more than 60% and its targeting 6173. My analysis depends on : Supply and Demand Fibonacci Idea fails after making a new HIGH NOT A FINANCIAL ADVICE
There remains the rise of a final and final impulse wave, and thus the EGX indicator will be making historical bullish waves and making a leading Digonol pattern.
Egypt Joins the BRICS New Development Bank the NDB finances infrastructure and sustainable development projects in areas such as energy, transportation, water, communications, and health. "Since 2016, the Bank has invested in multiple projects, including US$7.2 billion in India alone," RT reported, recalling that Egypt expressed an interest in becoming an NDB...
The current ascent continues and breaks the last historical peak by a slight difference, from which the drainage begins, thus completing Five waves the internal waves of the Ending Diagonal shape
full classic mapping for egx30 , historical angled trend lines for support and resistance
Breaking the level of 10280 up will activate targets and resistance to test the level of 12000, as for breaking the level of 9770 down, it will activate targets down to the level of 8100 or to test the main trend line of the index 30
EGX30 recovery begin, and will face a three retracement resistance at 9414.735, 9899.130, and 10297.455
EGX30 success to breakout some Fibo retracement level in a short term correction. and breakout a downtrend at 9815.382 in the last session. by that moves a rally with some challenges can begin: A strong resistance at 10297.455 based on a retracement and a base level. may need to get support from the 9898.130 at Fibo 0.236 on the way to 11169.66 they will be some...
Fib Channel. The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
wait price action at blue zone to buy this zone is very strong due to share zone between Two Harmonic Pattern yellow Butterfly (weekly scale** Green Crab ((daily scale** ((9240.122----9106.719** with stop loss closing under 9050 in this case we will wait at last zone between ((8563.441---8346.383** with stop loss closing under 8300