EGX100: Multi-Year Uptrend Holds Firm Above Key Fibonacci levelEGX 100 EWI IndexEGX_DLY:EGX100EWImnmabroukw36ix📊 EGX100: Multi-Year Uptrend Holds Firm Above Key Fibonacci Support 📈 📈 Strengths and Catalysts: Combines top-tier components of EGX30 and EGX70 to reflect broader market strength. 🏛️ ⚠️ Weaknesses and Risks: Short-term performance remains tied to liquidity conditions across underlying index constituents. ⚠️ 📈 The Pulse: EGX100 reflects the combined strength of EGX30 and EGX70 along with weighted broad market stocks. 📊 The index trades in a solid multi-year major uptrend. 📈 Performance stands up +37.5% YTD and +69.0% over the trailing 1 year. 🚀 Price action has not entered a true correction phase yet. 🛡️ The index continues to hold firmly above the key 38.2% Fibonacci level. 🟢 Investors should stick to the core strategy outlined in my previous two EGX30 and EGX70 posts. 🎯 Staying patient and holding strong remains the best approach while market liquidity normalizes. 🧘 🧱 The Key Structural Boundaries • Major Structural Support: 38.2% Fibonacci retracement level. 🟢 • Market Status: Primary multi-year uptrend intact above correction threshold. 📈 • Strategy: Follow broad market allocation guidance and hold quality positions. 📊 🎯 Verdict: EGX100 remains structurally healthy with powerful multi-year performance figures. 🏛️ The broader market holds key support without confirming any structural correction. 🟢 Are you holding your broad market allocations while EGX100 sits above its 38.2% Fib level? 💬 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑