Index is in a sideways consolidation since the start of month.EGX 30 Capped IndexEGX_DLY:EGX30CAPPEDmnmabroukw36ixEGX30 Capped: The Sideways Squeeze! ⚡👀 Current Situation Index is in a sideways consolidation phase since the start of the month. 📉 Price is still trading within the boundaries of the main uptrend channel. ✅ Momentum is building for a breakout or a trendline violation. 🛑 Key Levels 📍 Resistance 1: 58,000 (31.8% Fibonacci Level). 📍 Resistance 2: 59,800 (Pre-ATH Supply Zone). 🧱 📍 Support 1: 55,000 (61.8% Fibonacci Level). 📍 Main Support: 50.5,000 (Historical demand zone). 🛡️ Technical Confluence 31.8% Fibonacci level is the immediate gatekeeper for bulls. 📐 61.8% Fibonacci aligns with the uptrend channel support line. 📊 Price Gap: A break below 55k shows very little liquidity until the 50.5k mark. ⚡ Scenarios (Bullish & Bearish) 🟢 Bullish: A clean break and hold above 58,000. This opens the door to 59,800 and sets the stage for a new All-Time High (ATH) test. 🚀 🔴 Bearish: A break below 55,000 with high volume. This violates the uptrend channel and triggers a significant correction toward the 50.5k main support level. 📉 Clear Warning / Confirmation Note Watch the trendline! 🚨 If you like my posts, please follow and boost 🙌