BILDCO – UAE Stock Market (ADX) Bullish Reversal in Play
BILDCO – Bullish Reversal in Play 🚀
Ticker: BILDCO (ADX)
Timeframe: H1
Setup: Elliott Wave + Demand Zone Strategy
Trading Idea:
1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429).
- If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small.
2. Demand Zone Confluence:
- Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential.
3. Bullish Momentum Ahead?
- Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar).
Game Plan
1. Entry:
- Long from 0.620 - 0.600,
2. Stop Loss:
- Below the Demand Zone at 0.5712. Keep it tight, protect your capital.
3. Take Profits:
- TP1: 0.7066 – First supply zone.
- TP2: 0.7540 – Next major resistance.
- TP3: 0.8711 – Targeting Wave (5) extension.
4. Risk-Reward:
- Insane RRR of 1:8.59! Small risk, big potential move.
Why This Setup Rocks
- Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone.
- Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend.
- Volume Backing It: Buyers are already lining up, which is what we want to see at key levels.
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### Disclaimer
Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position.
---
### Follow for More Setups
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Ticker: BILDCO (ADX)
Timeframe: H1
Setup: Elliott Wave + Demand Zone Strategy
Trading Idea:
1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429).
- If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small.
2. Demand Zone Confluence:
- Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential.
3. Bullish Momentum Ahead?
- Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar).
Game Plan
1. Entry:
- Long from 0.620 - 0.600,
2. Stop Loss:
- Below the Demand Zone at 0.5712. Keep it tight, protect your capital.
3. Take Profits:
- TP1: 0.7066 – First supply zone.
- TP2: 0.7540 – Next major resistance.
- TP3: 0.8711 – Targeting Wave (5) extension.
4. Risk-Reward:
- Insane RRR of 1:8.59! Small risk, big potential move.
Why This Setup Rocks
- Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone.
- Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend.
- Volume Backing It: Buyers are already lining up, which is what we want to see at key levels.
---
### Disclaimer
Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position.
---
### Follow for More Setups
"Missed opportunities are a trader's biggest regret. Stay sharp, stick to the plan, and make the most of every move!"
Hit Follow for more insights and ideas like this one. Let’s crush the markets together! 🚀💹
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.