EGX30 - Indecisive Moves
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 of wave 1, means we will continue the upward movement, however; falling further and lower volume proves the formation of complex correction move.
breaking the divergence of the line drawn with the RSI and reaching 1.618 of wave 1, means we will continue the upward movement, however; falling further and lower volume proves the formation of complex correction move.
Penafian
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