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: 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...
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...
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....
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...
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...
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....
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;...
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)
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.
- While technically the market was way too overbought and way too overextend this sell off seems real.
- cheap can get cheaper, so avoiding buying a falling knife is wise option.
- too much panic in the market, so I liquidated all except few.
- monitor stop losses and sell all losers
