Correction didn’t end
Bearish sentiment is flying around.
There is no logic behind today’s market crash other than Margin Call from brokerage firms.
Hopefully tomorrow will be the last correction day .
Correction wave(A) might end, Senko Span (A) will slightly decline.
This is confirmed by Chikou span.
For the next 9 consecutive period, an upward trend is more likely to occur.
EGX 30 is still up trending; chikou span is higher than the previous 26 day bar.
27750 mark can be reached, however, the 28500 is more likely to be reached in the first 1H.
Tomorrow’s closing price is most likely to be equal to =
today’s closing price
Less
(Thursday closing price - Sunday’s closing price)
Can you do the math?
Please challenge my idea, and correct me if I am wrong.
There is no logic behind today’s market crash other than Margin Call from brokerage firms.
Hopefully tomorrow will be the last correction day .
Correction wave(A) might end, Senko Span (A) will slightly decline.
This is confirmed by Chikou span.
For the next 9 consecutive period, an upward trend is more likely to occur.
EGX 30 is still up trending; chikou span is higher than the previous 26 day bar.
27750 mark can be reached, however, the 28500 is more likely to be reached in the first 1H.
Tomorrow’s closing price is most likely to be equal to =
today’s closing price
Less
(Thursday closing price - Sunday’s closing price)
Can you do the math?
Please challenge my idea, and correct me if I am wrong.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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