EMFD projection (best possible scenario), small reaction to the nearest demand zone on LTF's .. supply rejection and then go down to the order block .. small reaction, then drop to the main demand zone and go up from there..
After the completion of the corrective move in 1-may-24, the market made its 1,2 waves.. but wave 3 wasn't impulsive as usual and failed to reach 1.618 (as of today) and due to low price movements and poor price action, we could be on the verge of forming complex correction (ABC - WXY) move breaking the divergence of the line drawn with the RSI and reaching 1.618...
Forecast of EGX30 till July, expecting pullback from 24-23K level
egx30 - till new year and 2024 entry market structure
Hit 34600 zone to fill more shorts, then take out stops below 33200. Manipulation above 35130, then back to bearish perspective below 32000's
Entry 0.774 or 0.769 Stop Loss 0.765 This a reaction for EGX30 recent rejections