EGX100: Bullish Push vs. Declining Volume! EGX 100 EWI IndexEGX_DLY:EGX100EWImnmabroukw36ixEGX100: Sideways Grind or ATH Breakout? ⚡👀 Current Situation Index has been stuck in a sideways range since December. 📉 Recently touched the 50% Fibonacci level and started an upward push. ✅ Declining volume last week signals potential exhaustion before the peak. 🛑 Key Levels 📍 All-Time High (ATH): 18,376 (Major Resistance). 📍 Immediate Pivot: 17,950 (Must cross to maintain momentum). 🧱 📍 Main Support: 17,250 (Must hold on pullbacks). 📍 Last Resort / SL: 15,500 (61.8% Fib & 200MA). 🛡️ Technical Confluence 50% Fibonacci level provided the initial bounce. 📐 200MA aligns perfectly with the 61.8% Fib at 15,500. 📊 Negative divergence in Volume vs. Price Action. ⚡ Scenarios (Bullish & Bearish) 🟢 Bullish: A successful cross above 17,950. This keeps the dream of testing the 18,376 ATH alive, though heavy volume is required to clear it. 🚀 🔴 Bearish: Failure to clear 17,950 leading to a re-test of the 50% Fib. If that fails, we drop to the "Last Resort" zone at 15,500, where the 200MA serves as final trend support. 📉 Clear Warning / Confirmation Note Volume is the red flag! 🚨 Do not trust a push toward 18k without a surge in buying volume. ⚡ A daily close below 17,250 shifts the model to defensive. 👀 If you like my posts, please follow and boost 🙌