Wave (a) might reach Senko Span B

The correction wave A for the EGX30 index appears to be ongoing as it has broken Senko Span A, with a potential target of reaching Senko Span B at 27280 bars. It is evident, even to those less familiar with Elliott Wave theory, that the current wave cycle has concluded, primarily due to the break in the existing trend. Some observers may be unwilling to accept this reality and continue to believe in the continuity of the current trend, despite evidence suggesting otherwise.
Finally, the probability of a breakout is dependent on New Money.