egx30EGX 30 IndexEGX_DLY:EGX30QQQQ9999EGX30 Index – Monthly Timeframe (Egyptian Stock Market) 📈 Long-Term Trend The primary trend is strongly bullish on the long-term (monthly) chart. The index is in a historical acceleration phase, breaking above multiple long-term highs. This move reflects a structural repricing of the market, not a short-term speculative rally. 📊 Market Structure The vertical advance since 2022 indicates: Strong capital inflows Inflation and currency-devaluation hedging behavior Broad participation across sectors No meaningful monthly breakdown structure has appeared so far. 🔢 Long-Term jan Fibonacci Expansion Targets Based on the long-term base and breakout: ≈ 49,200 → Major upside projection zone 📌 These levels should be viewed as: Potential profit-taking / consolidation zones Not automatic sell levels, but areas where volatility may increase 🟡 Current Market Condition The index is trading above all historical resistance Price is in a price discovery phase Momentum is extremely strong, which statistically increases the probability of: Sideways consolidation Or a corrective pullback before continuation 🔻 Risk Scenario (Correction, Not Trend Failure) A healthy correction would be expected if: The index retraces toward prior breakout levels Or consolidates over several months Key medium-term support zones: Previous breakout area Rising long-term trend support 📌 Only a monthly close below major structural support would change the bullish bias. ✅ Bullish Continuation Scenario (Primary) As long as: Monthly structure remains intact Higher highs and higher lows are preserved Then: The broader trend remains bullish Upside expansion toward 49,000+ remains valid over the medium–long term