- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for...
Navigating Market Dynamics: Insights from Ichimoku Kinko Hyo Technical Analysis The in-depth technical analysis underscores a significant transformation in market dynamics, with indications pointing towards a potential continuation of the downward trend. The emergence of a downward cross below the Kumo cloud, coupled with the deviation from the prior bullish...
EGX30 has sustained a downward trend for eight consecutive days, marked by prominent long red Heikin Ashi bars. This pattern has recently shifted to a red doji, hinting at a potential market reversal due to the apparent indecision among both buyers and sellers. Moreover, the trading volume has dwindled, dipping below the 26-day Exponential Moving Average (EMA),...
On a daily time frame, the EGX30 index remains bearish with low volume and value being evident. The average value per hour is around 450 million. There is a notable difference between the traditional candlestick chart and the Heikin Ashi chart, primarily due to the specific calculation method of Heikin Ashi (Holcomb divided by 4). Looking closer at the one-hour...
Analysis of EGX30 Performance on H1 Time Frame The EGX30 results appear promising on initial examination. However, it is important to note that the Simple Moving Average (SMA) over 200 days is currently at 23,900 EGP. This level is critical, as it is required to motivate market makers to begin repurchasing their hedges. As long as the index remains above(Weeklly...
Forecast of EGX30 till July, expecting pullback from 24-23K level
EGX30: A Symphony of Clouds, Bands, and Waves for the Perfect Rally The analysis of the EGX30 market rally integrates several key technical indicators: Ichimoku cloud, Bollinger Bands, and Elliott Wave theory. This synthesis provides a comprehensive understanding of the market's current condition and potential trajectory. 1. Ichimoku Cloud Analysis: • The...
Two scenarios for bullish and bearish outlook are shown in the chart. Wait for price action at potential reversal zone
"EGX30: The Epic Adventures of Market Mayhem and Superman's Potential Rescue!" Summary: In a whirlwind of chaos, the EGX30 market faced crashes, outages, and blackouts while institutions sold stocks, leading to a 10% loss in just four days. Will Superman save the day as the market teeters on the brink of collapse at 24,400 points? Stay tuned for this epic...
"Market Melodrama: Unraveling the Bullish Cross and the Battle of the Doji" Alright, let's break down this CCAP chart drama with a dash of spice: So, first up, we have this glamorous "bullish cross" where our short-term trendsetter, the 20-period EMA, decides it's time to strut its stuff above the 50-period EMA. This is like watching the underdog in a movie...
GBCO has been flagged for a potential breakout; however, there are indications that this breakout may be a false signal. Further analysis is required to confirm whether the breakout of the trendline is genuine or if it might reverse back into the previous trading range. Continued monitoring of price action and additional confirmation from key indicators will help...
Important levels for Egx30 and some Trendlines the Green wide uptrend line is important.. 26316 Should be Stop for a bigger Downtrend..
EGX30 buyers are absent and the trend has been broken, as evidenced by the Senkou Span B. The next target is 27,700. The 52-period EMA (28,622) and the middle line of the Bollinger Bands (28,583) intersect today's bar. Meanwhile, the Chikou Span (28,435) is experiencing a rollercoaster ride. The Tenkan Sen (28,919) is applying pressure, pushing EGX30 down, while...
Buying signals on the 5 minutes chart; watch the performance on 5 minutes timeframe. Especially if volume continues .
Tomorrow's session titled "Sweetness of the Soul Before the Deep Dive to End the Correction Wave (c)," we've set our target projections between 28,900 and 30,200. Based on the Ichimoku Kinko Hyo analysis, current trends for the EGX30 do not show positive signals. The index is submerged deep within the Kumo, with the Kijun Sen exerting downward pressure, making it...
EGX30 Possible Scenarios : 1. Bullish scenario following the blue lines. 2. bearish scenario following the black lines.
#UEGC good trade with low stop loss and high target with in long term and short term target 0.98 EGP then2 EGP with long term stop loss 0.70
EGX30 in KUMO & COMA EMERGENCY BUYER SUPPORT is prescribed