Wave 2 didn’t end yet
Based on today's performance, SenkoSpan B serves as a key support level for the EGX30, aligning with the 23.8% Fibonacci retracement. Wave 3 begins when reaching 27,000 Bar, expect couple of bumps.
It's disheartening, but hopeful trading can sometimes be a delusion. The DotCom bubble's commemorative date is March 10, coinciding with the devaluation bubble. The EGX30 in USD exposed the EGX30 in EGP's burn rate, influenced by COMI & TMGH. The prices of USD-hedged stocks reflect the 24,000 bar prices. This situation represents a potentially bursting bubble. Regrettably, incidents of friendly fire can occur due to miscommunication, misidentification, or errors during intense and chaotic scenarios.
It's disheartening, but hopeful trading can sometimes be a delusion. The DotCom bubble's commemorative date is March 10, coinciding with the devaluation bubble. The EGX30 in USD exposed the EGX30 in EGP's burn rate, influenced by COMI & TMGH. The prices of USD-hedged stocks reflect the 24,000 bar prices. This situation represents a potentially bursting bubble. Regrettably, incidents of friendly fire can occur due to miscommunication, misidentification, or errors during intense and chaotic scenarios.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
For further insights, you are welcome to join my Telegram channel, Ichimokuonthenile.
t.me/ichimokuonthenile
or youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
For further insights, you are welcome to join my Telegram channel, Ichimokuonthenile.
t.me/ichimokuonthenile
or youtube youtube.com/@ICHIMOKUontheNILE
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