Short position is still open from May 2020@ 15.20K, no close yet however approaching a critical decision point for EGX30
This idea is based on the article Time Cycle Oscillators, published in IFTA Journal 2018. As volumes precede prices, the “period of time cycles” precedes volumes. Hence, the simple harmonic oscillator SHO (blue) is leading to the volume zone oscillator VZO. The latter is created by Walid Khalil. Negative and positive divergences between the SHO and VZO help in...
$EGX30 a threat to break the uptrend that was created 17 years ago. EGX30 is the major index of Egypt stock exchange which showed uptrend from 2002 two major technical sign for downside Head and two shoulders
weekly next move test previous low and start building position to go LONG
A negative Elliot wave scenario for EGX30 under 11000 may go down to 7800 as a first target then down to 6000 but above 11000 will cancel this scenario Sell in May and go away
Based upon "Time Cycle Oscillators" published in IFTA journal 2018. "Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017. Expected volatility after the SHI/SHO/WPO/WPZO forms a pressure wave (PW). the volatility is higher when the PW is longer. Akram
depending on- monthly trend line for EGX30 and Fibonacci retracement, expected to see EGX30 test 7000 and then bounce. as now EGX 30 RSI14 oversold while still, the market does not have enough confidence to buy.
Open profit: 10.1% Still no divergence on 1D #GOSISI #SISI2020
+1EGX30@ Egypt index returns outperformed all my other assets.. Go Sisi Go ;) Lets bury more water canals! ^_^ With bread and medicine prices quadrupled in the past couple of months, I'm satisfied that my returns will cover it..
Besm Elah.. --------------------------------------- "In art he, Thoth, was often depicted as a man with the head of an ibis bird" 999ug.
egx 30 to 13500 + 100 - 100 on short term to test the main uptrend and the next high volume profile point