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Remco for Touristic Villages ConstructionRemco for Touristic Villages ConstructionRemco for Touristic Villages Construction

Remco for Touristic Villages Construction

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Inverted Head And 2 Shoulders BULLISHHello Traders, i know it is something outside the box however we all looking now for the fresh winnings as you all know w e have reached all our targets and we closing all the positions now locking the profits in our group however i found this paper very interesting if you are looking in to it you will see the pattern and the increasing of buying pressure the only thing missing is the volume up once i get this its a green indication forthe price reaching all time high again good luck boys
EGX:RTVCLong
by TONYMONTANA87
RTVC🔍 Technical Analysis – Remco for Touristic Villages Construction (EGX) ⏰ Timeframe: 1H 📊 Current Price: ~3.52 EGP 📌 Key Zones Buy Zone: 🟩 3.52 – 3.41 EGP This area is acting as a strong demand zone, historically providing support and initiating bullish reversals. Price is currently hovering around the top of this zone, suggesting a potential accumulation phase. Target Zone: 🟥 3.79 – 3.88 EGP A significant resistance area, previously acting as a supply zone where sellers entered strongly. A logical take-profit level for short-term traders. Stop Loss: 📉 3.34 EGP Well-placed below the demand zone to minimize downside risk while avoiding premature stop-outs from minor wicks. 📈 Trend Analysis There’s a visible ascending trendline (in blue) acting as long-term dynamic support. Price remains above this trendline, indicating a still-intact bullish structure on higher timeframes. 🔄 Price Action & Forecast Price recently bounced off the lower bound of the buy zone and is attempting to form a higher low, showing potential for a bullish reversal. The blue projected path suggests a consolidation followed by a breakout toward the target zone (3.79–3.88). If bullish momentum holds, price may even test the upper boundary of the target zone or slightly beyond. 📊 Risk Management Risk-to-Reward (R/R): Favorable setup, especially if entering near 3.45–3.50 with a stop at 3.34 and target near 3.85. Maintain tight risk controls, especially in volatile sessions. ✅ Summary Element Level Buy Zone 3.52 – 3.41 Target Zone 3.79 – 3.88 Stop Loss 3.34 Trend Short-term bullish bias within consolidation Strategy Buy near support with SL at 3.34, targeting 3.79–3.88
EGX:RTVCLong
by IbrahimTarek