EGX100: Medium-Term Weakness Signals ABC Pullback Phase EGX 100 EWI IndexEGX_DLY:EGX100EWImnmabroukw36ix📊 EGX100: Medium-Term Weakness Signals ABC Pullback Phase 📉🔄 🔍 The Pulse: The EGX100 Index is showing clear structural weakness in the medium term. 📉 The price action completed a clean Elliott 5-waves structure and entered a corrective phase. 🌊 The next upward move is expected to be a temporary AB-arm corrective bounce. 🔄 🧱 The Key Structural Boundaries The Corrective Wave C Target (19,300): Primary downside target area. 🎯 This zone aligns perfectly with a major 50% Fibonacci retracement level. 📐 It also forms a strong confluence with the fixed Anchored VWAP from the last strong low. ⚓ The Macro Line in the Sand (18,376): Absolute structural invalidation floor. 🚨 A decisive break below this level officially changes the correction into a primary downtrend. ⚠️ 🎯 The Verdict The broader index remains under corrective pressure until the ABC pattern fully completes. ⏳ I suggest exercising high caution as the market coordinates this mid-term cool-off. 🛑 I will closely watch for stabilization signs around the high-confluence 19,300 region. 👀 I will strictly treat 18,376 as the ultimate line in the sand to manage defensive market exposure. 🛡️ --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑