MPRC : Elliott Wave Exhaustion vs. Channel IntegrityEgyptian Media Production CityEGX_DLY:MPRCmnmabroukw36ixMPRC : Elliott Wave Exhaustion vs. Channel Integrity 📉 🔍 The Pulse: MPRC has exhibited stellar structural strength since March, consistently mapping higher highs inside a well-defined ascending trend channel. However, localized momentum readings indicate the structure is approaching severe Elliott Wave exhaustion, hinting at a looming corrective phase. The immediate price action will serve as a definitive litmus test to see whether buyers can muster one final cyclical push or if sellers will seize control at key structural floors. 🧱 The Key Structural Boundaries Structural Floor & Critical Pivot (31.60 EGP): This area represents the line in the sand for the active bullish cycle, where a clean daily close below this floor confirms a macro trend reversal and triggers the broader Elliott Wave correction. 🛡️🚨 Medium-Term Institutional Ceiling (35.00 - 36.00 EGP): A critical liquidity pool and historical supply zone where heavy institutional distribution is expected, offering immense structural resistance that lacks matching medium-term volume momentum to overcome. 🏔️🛑 📉 The Technical Playbook Scenarios Scenario 1: The Final Exhaustion Rally 🚀🎯 The Action: Price maintains its structural channel geometry and initiates one last minor wave extension into the primary 35.00 - 36.00 EGP supply zone before reversing. Scenario 2: The Structural Floor Collapse 📉⚠️ The Action: Upward momentum completely fails to materialize, forcing an immediate breakdown and daily close beneath the 31.60 EGP support level to validate a deeper corrective cycle. f you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑