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
Remco for Touristic Villages Construction
No trades
What traders are saying
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
Gann Star.This Analysis was Hand Made.. but it is more accurate than the indicator as its buggy...
support and resistance lines..
horizontal lines are Support/Resistance .
Vertical lines are time pivots .
Next Target should be 6.33 before 18 august.
Failure to do that, then we need to chart again.
Appreciate your Comments.
GL







