EGX 30: Broken Trend + Bearish RSI → 49.3K then 48KEGX 30 IndexEGX_DLY:EGX30OsamaxzThe daily EGX 30 has built a textbook distribution top after the run to 54,978. Three rounding tops, a broken ascending trendline, and an RSI carving steady lower highs all line up. Price lost the 52,400–52,700 zone in mid-June, then rallied straight back into it. That old support is now resistance, and the first daily rejection is printing here. Classic support-turned-resistance retest. The plan: • Bias: short while price holds under 52,700 • Trigger: rejection / lower-high confirmation at the green zone • T1: 49,331 (measured move + prior demand) • T2: 48,000–48,500 (lower demand block) • Invalidation: daily close back above 52,715 — that reopens 54,000+ and kills the short Momentum agrees: RSI is in a clean downtrend and sits mid-range near 53, so there’s plenty of room before oversold. Risk/reward from the zone is heavily skewed to the downside — stop above 52,800, first target ~3,200 points lower. Not financial advice. Manage your risk — it’s the EGX, liquidity gaps happen. Tags: #EGX30 #EGX #Egypt #StockMarket #TechnicalAnalysis #PriceAction #RSI #Short