EGX30 in KUMO & COMA EMERGENCY BUYER SUPPORT is prescribed
Buy index when breaking out the 28662.327 on daily chart
EGX30 is trading in the KUMO & Inflated. volume is soaring & Value is inflated .. confirmation for the recovery is as follows: 1- One Solid Green Bar (Marubuzo) above 28,400 level 2- Exiting the KUMO 3- Tenken sen is below the Marubuzo ANALYSIS in this video is based on Ichimoku & Elliot Waves Disclaimer: The content provided is for informational purposes only....
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 1H time frame:target remains 33750 points. You will find R & S on the chart (Red& turquoise lines). Senko Span A is upward; however; in the very near future, EGX will consolidate. Senko Span B is flying upward. EGX30 reached the entry point where it broke out. 30461 point is a main support point. To conclude EGX30 $ represent best value for money....
EGX30 is trading above green kumo. Chikou span is downward. Red Long wick. Senko Span A is up trending. Senko Span B is plateau. Target is 33314 points. However, hickups are FVG related. You can discover it in the 1H chart. EGX30 1H time frame:target remains 33750 points. You will find R & S on the chart (Red& turquoise lines). Senko Span A is upward;...
- Finally after the market shook off all the prophets of doom who were calling for a market correction the bullish trend is continuing its course. - OIH is highly liquid stock but the chart seems to be setting for a revisit of the ATH. - Entry area is the current range. - There is a good R:R so no need to have a tight stoploss.
the beginning of post-devaluation ERA ... ALCN closing price is almost VWAP price 5M. Positive outlook confirmed by different indicators. Details is presented in the video
- I am buying above 7.20 - chart is a bit overextended on the monthly, so I am not expecting a larger move, but I am still considering it. - I see potential for 7.70s/8/ 8.60 (maybe). - Let's bank.
positive outlook crossing Green Kumo opens the gateway to heaven Fundamentals analysis is your KSF (key success factor)
comparative analysis on different time frames between EGX30 EGP & USD Gateway to heaven started we might see a wick reaching LEVEL OF 29250 points TARGET 34K points (medium term target)
- High probability moving average bounce on RREI - Just dont marry it, and aim for 1.5-2rs profit on it. - I see the good entry around 1.460s. - no need for a wider risk as it may mess a good R:R
it will recover dont dump BE STRONG egx70EW EGX30 it will recover dont dump
Targeting 340EGP Support 304 Resistance 319 (Bearish OB319-331EGP)
Remember that after each BOS, retracement occurs. Positive signals confirmed by Ichimoku Kinko Hyo & other indicators on different time frames as well. Next traget is 33K point.
FWRY: warrior rest ahead of the next level ... 8EGP Breakout the closing of the day was the best part of the trading session. positive sentiments that will lead to crossing the order block; confirmed by chikou span.
SKPC: Bullish signals confirmed MTF confirms the breakout as well as Chikou span, RedeK Everex, Adaptive MACD, & EW.
on the verge of Bullish TK cross, CHIKOU SPAN, REDK EVEREX, & Adaptive MACD confirming the breakout. The devil lies in the details.