2018-01-31

EGX30

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
EGX30 DAILY CHART, IN LAST ANALYSIS WE WAREND OF BEARISH FAILURE SWING THAT EXISTING ON RSI INDICATOR AND SOME BEARISH PATTERNS WICH NEED 2 CONFIRMATION , 2DAY‘S SESSION WAS  A BLOODY COLOR , LARGE DECLINE HAPPEND WITH HIGH VOLUME THAT BEARKOUTS DOWNWARD THE CHANNEL UPPERLINE AND THE NICKLINE OF A BEARISH HEAD AND SHOULDERS THAT MEANS WE HAVE A DOWNWARD AS A TARGET 14850
SIDE NOTES: SHARK BUY PATTERN AS A HARMONIC PATTERN STILL VALID , AND HEAD AND SHOULDERS  ENHANCES SHARK PATTERN COMLETION POINT AT ROUGHLY THE SAME LEVEL
KEEP UR EYE ON IF  PRICE PULLBACKS , AND DEFICIT 2 PENETRATE THE CHANNEL UPPERLINE THAT MEANS IT IS LIKLY PERSISTENLY MOVE DOWN
EGX30 SHOULD CLOSES ABOVE THE HEAD 2 NEGATE THE PATTERN AND KEEPS THE UPTREND INTACT