EHDREgyptians Housing Development & ReconstructionEGX_DLY:EHDRIbrahimTarekEgyptians Housing Development & Reconstruction — 1H Technical Analysis Based strictly on the TradingView chart provided, the structure is bullish, but price is currently testing an important decision area around 2.89–2.95 EGP. 📈 Market Structure Current price: ~2.96 EGP The chart shows a sequence of higher lows and higher highs, indicating improving bullish structure. Price has broken above the 2.89–2.95 EGP resistance area and is now trading just above it. The rising green trendline is acting as dynamic support and reinforces the bullish setup. The previous breakout area around 2.89–2.95 is now the key demand / retest zone. 🟢 Bullish Scenario — Preferred The setup remains bullish as long as the stock maintains the 2.89–2.95 EGP demand zone. A healthy pullback into this area followed by a bullish reaction would provide the strongest confirmation. Key confirmation: Hold 2.95 EGP Ideally defend the lower part of the zone around 2.89 EGP Break and sustain above the recent swing highs around 3.10–3.20 EGP If that occurs, upside continuation becomes increasingly probable. 🎯 Upside Targets I would manage the move in stages rather than treating 3.86–3.96 as the only target: TargetLevelSignificance T13.10–3.20Immediate resistance / recent highs T23.40–3.50Intermediate psychological/structural area T33.70–3.75Major resistance Final Target3.86–3.96Chart's projected target zone The 3.86–3.96 EGP target shown on your chart represents a substantial continuation move, so I would expect several resistance/confirmation stages before reaching it. 🔴 Bearish Invalidation The most important level on the chart is 2.89 EGP. A 1H candle close below 2.89 EGP would invalidate the current bullish setup according to the structure you've drawn. That could signal: Failed breakout Loss of the demand zone Breakdown of the short-term bullish structure Potential move back toward the lower trend/support area A temporary intraday wick below 2.89 is less significant than a confirmed hourly close below it. 🧠 TradingView-Style Verdict Bias: 🟢 Bullish Demand: 2.89–2.95 EGP Current: ~2.96 EGP Invalidation: 1H close below 2.89 EGP First confirmation: Break/hold above 3.10–3.20 Major objective: 3.86–3.96 EGP Best technical interpretation: this is a breakout + retest continuation setup, provided the 2.89–2.95 demand zone holds. I would not chase a large move after an extended green candle; the cleaner risk/reward comes from a confirmed reaction from the demand zone. Overall: The chart favors continuation to the upside, but 2.89 EGP is the line in the sand. Above it, the bullish scenario remains technically valid; below it on a confirmed 1H close, the setup needs to be reassessed. Log