EGX30: Wave F Has Started — Is a Deeper Correction Coming?EGX 30 IndexEGX_DLY:EGX30TheOnePctMy current view is that Wave E of the larger Diametric pattern finished around February 2026. This Diametric structure started from the July 2022 low. After Wave E finished around February 2026, the market started Wave F of the Diametric. Inside Wave F, the current structure appears to be forming first as a Flat correction. The recent all-time high appears to be Wave B of this Flat, and the market is now likely moving into Wave C to the downside. The key level to watch is the 51K support area. A clear break below 51K would raises the chances highly that Wave B has finished and that Wave C is active. This would make 51K the first important downside target. Flat C-wave is expected to last into mid-June, with a possible extension into July. There is a small chance that C-wave retraces all of Flat B-wave, but this is not the main scenario for now. After Flat C-wave finishes, the correction inside Wave F may not be over. The Flat could become only the first part of a more complex correction As long as Wave F is still developing, the market should remain in a corrective/downtrend phase. This suggests the correction can stay complex and time-consuming. Wave F is expected to finish around September or October 2026, more or less. After Wave F is complete, Wave G is expected to start, which should continue the larger uptrend and may push the market into a new bullish phase.