Using different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points.
Combining technical...
Technical Trading Analysis Report:
Chart Analysis:
The day's trading session concluded with a strong green bar displaying a notable long wick, as the market index tested the neckline of a head and shoulders pattern. Notably, today's session marks the 10th consecutive session since the index's recent peak. Price action indicates a traditional candlestick price of...
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),...
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...
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...
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...
"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...
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 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...
