Key Expected Rebound Zones for the EGX30 Index

The Egyptian EGX30 index is currently moving within a strong corrective bearish wave, following a period of significant gains and recent sell-off activity.

The index has now reached very strong support and demand zones on the daily timeframe—levels that could potentially trigger a renewed upward trend.

Expected Scenarios

The index has reached significant buying zones and is already showing promising signs of buying interest, which could drive an upward movement in the coming days.

Any upward move is contingent upon breaking the downtrend line shown on the chart and closing above it with a strong bullish candle accompanied by high volume; such a move would naturally propel the index toward the 53,600 and 55,300 levels, respectively.

Conversely, should the index close below the current buying zones on a daily basis, we may see a decline toward the next—and most critical—support levels located near 46,900, as illustrated on the chart.