MPCI: Weak Liquidity Wave Risks Double Top at 225 EGP PeakMemphis Pharmaceutical & Chemical IndustriesEGX_DLY:MPCImnmabroukw36ix📊 MPCI: Weak Liquidity Wave Risks Double Top at 225 EGP Peak ⚠️📐 🔍 The Pulse: MPCI broke its macro trendline to secure a spectacular All-Time High at 225 EGP before correcting. 🚀📈 While price reacted positively exactly at the expected 197.50 EGP support floor, order book liquidity reveals this current leg is weak, playing out as part of a complex Elliott Wave ABC corrective structure. 📉⏳ 🧱 The Key Structural Boundaries The All-Time High Wall (225.00 EGP): The ultimate multi-month resistance ceiling. 🏔️🛑 A failure to break this level will officially lock in a dangerous distribution pattern. ❌🥊 The Trading Range Ceiling (204.00 EGP): The 38.2% Fibonacci retracement boundary. 🎯🧱 Expect short-term price action to compress beneath this line inside a sideways accumulation channel. 📦🔄 The Line in the Sand (197.50 EGP): The critical structural support baseline. 🛡️⚓ A high-volume breakdown beneath this floor confirms a massive, confirm Double Top pattern. 🔨🌊 🎯 The Verdict The current upward bounce lacks the heavy institutional volume needed to sustain blue-sky expansion. 👀⚖️ Expect the price to chop sideways between 204.00 EGP and the 225.00 EGP peak as the weak wave exhausts itself. ⏳📊 Do not chase this rally near the All-Time High; instead, wait for a definitive rejection. 🛑🙅♂️ A high-volume daily close below the 197.50 EGP baseline will confirm the Double Top trigger, signaling an aggressive exit or a short setup to lower structural liquidity pools. 🧘♂️🛡️ --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑