isphThe first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level would be behind the X-point. Conservative traders may look for additional confirmation. Bat Patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool that allows users to visually identify 5-point reversal structures on a chart.
ADIB Abu Dhabi to target 46 after crossing 39 (blue line)ADX:ADIB
ADIB (ADX ), on the 1-hour chart, is seen as trying to cross the resistance line (blue) at 39, then the target will be 46.
EITHER Buy here, and stop loss is 37.6
OR Buy after crossing the blue line at 39, and Stop Loss at 38.8
Another scenario is going to test the support (red line) at 35.5, then it is a buy opportunity to go up to 39.5 (blue).
Stop Loss is 35.4
Either ways, it is a nice trading opportunity.