📊 ZMID: Bulls Need One More Confirmation 🚀
🔍 The Pulse:
ZMID remains inside a major long term uptrend channel. 📈
After completing the fifth Elliott Wave, the stock entered an ABC correction. 🔄
Today's momentum candle respected a strong support level, keeping the bullish structure intact. 💪
The final confirmation requires a weekly close above the B point and a breakout above the triangle at 6.6 EGP. 🎯
A successful breakout would open the door for the next major bullish wave. 🚀
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 6.6 EGP.
A weekly close above this level confirms the ABC correction breakout.
🛡️ First Support, 6.18 EGP.
The nearest structural support during the correction.
🔴 Stop Loss, 5.9 EGP.
A break below this level invalidates the bullish setup.
📈 Trend Structure.
The long term uptrend remains intact while key support levels continue to hold.
🎯 The Verdict
ZMID remains constructive despite the ongoing correction.
A weekly close above 6.6 EGP would complete the bullish breakout.
Until then, monitor the 6.18 EGP support closely.
A break below 5.9 EGP would invalidate the setup and trigger the stop loss.
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🔍 The Pulse:
ZMID remains inside a major long term uptrend channel. 📈
After completing the fifth Elliott Wave, the stock entered an ABC correction. 🔄
Today's momentum candle respected a strong support level, keeping the bullish structure intact. 💪
The final confirmation requires a weekly close above the B point and a breakout above the triangle at 6.6 EGP. 🎯
A successful breakout would open the door for the next major bullish wave. 🚀
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 6.6 EGP.
A weekly close above this level confirms the ABC correction breakout.
🛡️ First Support, 6.18 EGP.
The nearest structural support during the correction.
🔴 Stop Loss, 5.9 EGP.
A break below this level invalidates the bullish setup.
📈 Trend Structure.
The long term uptrend remains intact while key support levels continue to hold.
🎯 The Verdict
ZMID remains constructive despite the ongoing correction.
A weekly close above 6.6 EGP would complete the bullish breakout.
Until then, monitor the 6.18 EGP support closely.
A break below 5.9 EGP would invalidate the setup and trigger the stop loss.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.