ISMQ - EGX30 / Short-Term Exhaustion at Key DemandIron & Steel for Mines & QuarriesEGX_DLY:ISMQsnourISMQ 30-min chart 🎯 Quick Bias Immediate Bias: Neutral/Bullish Reversal Timeframe: 30-Min Chart / Daily 📊 Key Technical Points Structural Support: Price has descended to test a major horizontal demand shelf at 9.25 EGP (brown dashed line in ISMQ_2026-07-14_14-43-04.png). This level is expected to hold as a firm defensive floor. Trend Dynamic: The micro-trend remains capped by a clean descending blue trendline. However, previous distribution above 9.63 EGP is showing signs of near-term exhaustion. Momentum Oversold: The 30-min RSI is deeply compressed at 32.23, indicating a heavily extended downward move that is ripe for a tactical counter-trend bounce. Volume Drying Up: Decreasing volume on the final downward legs confirms selling pressure is fading as buyers begin absorbing supply at the lows. 🔑 Key Trading Levels Tactical Buy Zone: 9.20 – 9.25 EGP (Watch for intraday reversal candles). Upside Targets: 9.45 EGP (Trendline breakout) ➔ 9.63 EGP (Major structural resistance). Invalidation / Stop-Loss: A decisive 30-min close below 9.05 EGP (solid red line). Strict risk management applies. Watch for a volume-backed break of the blue trendline to confirm the entry.