EGX30 and a small recoveryEGX30 recovery begin, and will face a three retracement resistance at 9414.735, 9899.130, and 10297.455
EGX30 trade ideas
IS a rally has Begin?EGX30 success to breakout some Fibo retracement level in a short term correction. and breakout a downtrend at 9815.382 in the last session.
by that moves a rally with some challenges can begin: A strong resistance at 10297.455 based on a retracement and a base level. may need to get support from the 9898.130 at Fibo 0.236
on the way to 11169.66 they will be some consolidation and profit gaining can but it under a pressure to go side way for a period of time.
Egx30Fib Channel.
The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
EGX 30wait price action at blue zone to buy
this zone is very strong due to share zone between
Two Harmonic Pattern
yellow Butterfly (weekly scale**
Green Crab ((daily scale**
((9240.122----9106.719**
with stop loss closing under 9050
in this case we will wait at last zone between ((8563.441---8346.383**
with stop loss closing under 8300
EGX 30 analyasisEGX drop 1.8% and loss 9.5 billion EGP as we see EGX 30 break a support level at 10447.224 and closed the last week at 10007.500 moving towards the next support level at 9770.669 but in the last three days it begin a rebound and closed at 10235.400
EGX30 updateEGX30 support for Head and shoulders @ 11400
Breaking 11400 will lead to 10800
Dr. Tarek Gadallah
Egx30The Fibonacci channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
EGX30 11715 is a key point that can be a support to push up the EGX30 toward 12400, if this level breaks we can see next support level 11400 and 11120
keep watching tomorrow if level resist you can go for long
keep in mind that COMI (CIB bank) now may go down to 50 levels and this will give pressure on EGYX30
egx 30 will go up in this week and next weekegx 30🇪🇬 will go up🚀🚀🚀 to 11620 🎯 11725🎯 11769🎯
this technical analysis depend on elliote wave analysis
EGX30 Today & Tomorrow two critical sessions EGX30 today and tomorrow examine critical resistance
Breaking it will lead to medium term target
rebound or false break will lead probably to medium term support
Dr. Tarek Gadallah
EGX 30 test strong resistanceEGX30 currently test @ 11500 to 11660
This strong resistance need very good news to break it
on the other hand, we can see correction in EGX30 if the index rebound from this resistance
Dr. Tarek Gadallah
EGX 30 study and how i think it will continue these next days EGX 30 showing strong downtrend momentum based on simple follow back on it's short period history
-look at the pervious uptrend
-look at how similar to the pervious uptrend and how it ended
-know how to play it.
this is my prediction and not a financial advice
Egx30 update, downtrending todayA true breakout today by indicated candlestick with a bigger volume ,
an indicated downtrending channel has been created and lower channel line represents the line of downtrend target ,
if reversal to occur , it must break upward by a bigger volume higher than 11240 level
Egx30 is expected to rebound ..22/8/2021
Egx30 is performing 4 consecutive down sessions , an expected retest of 10882-10775.44 level as a pullback , however it may continue to 12026 as a wave end otherwise it retraces till 10519.6 where it may rebound
My view for EGX30 next moveStrong resistance
1- if we see weekly close above 10940 bulls taking the trend higher 1st target 11240
2- if we see weekly close down 10830 bears taking the trend down again 1st target 10370
Good luck every one
EGX30 | 10840: break or rebound !The main Egyptian stock index “egx30” is currently testing the resistance level at 10,840 points.
Breaching the previous resistance levels and the upper boundary of the descending channel is necessary for the continuation of the rise to 12000 points.
There is another chance in case the previous breach fails, which is to go back again to 10,000 points and form a possible inverse head and shoulders pattern.
On the other hand, the rebound from the upper boundary of the descending channel supports the decline to 9000 points, which is considered to be touching the major uptrend line since 2011. And more if it is broken! See the following chart.
EGX30 " MonthlyEGX30 " Monthly
with three levels of moving up support lines and monthly stop 9769 awaiting confirmation to cross the down trend since 2018 ,crossing 12000 range shall be a more confirmation for future uptrend
Way to go!! Hello dears
Today I would like to share my idea with you about EGX30 .. weekly timeframe
What I am searching for right now are three:
1. Strong candlestick with a high volume that will assure me that bulls come again
2. Breaking the descending price channel
3. Breaking the supply area
By achieving the past three conditions we will see 13000 and 16000 as a next targets
Let's see what will happen in the next few weeks .. thanks for reading ❤️
EGX 30 toward 9700, then bounce upEGX 30 still under pressure sold, this paves the road toward 9700, if this level resist, it may bounce up again, else may see 9500
waiting to reach 9700 level is highly recommended, accordingly we could put our entering plan
