Alpha Dhabi ADX - Bullish RSI DivergenceAlpha Dhabi is signaling a strong bullish continuation backed by RSI divergence and Elliott Wave structure. Enter near the 12.30–12.36 zone, manage risks with stops below 11.70, and take partial profits at each TP level.
The RSI formed higher lows, while the price made lower lows, indicating momentum is shifting to the upside.
Trade Setup:
Entry: 12.36 (Bullish RSI divergence confirmation above demand zone)
Stop Loss: 11.70 (Below key demand zone, invalidates Wave 2 structure)
Take Profit Levels:
TP1: 13.00 (RRR ~1.5:1, first supply zone)
TP2: 13.50 (RRR ~2:1, strong resistance near Wave 3 target)
Stretch Target: 14.56 (RRR ~3:1, possible Wave 5 completion)
"Be fearful when others are greedy and greedy when others are fearful." — Warren Buffett
"Stick to your risk management plan and trust the structure as long as the pattern holds."
Disclaimer: This analysis is for educational purposes only and not financial advice. Always perform your own due diligence and trade responsibly. Past performance is not indicative of future results.
ALPHADHABI trade ideas
YOU CAN BUY ALPHADHABIDear Emirati Traders,
If you're a Swing trader and you're looking for a trade to ride for the next month period, I got you one to take safely.
As you can see on the chart, we took the trade based on the EQ of the last Bearish Move as a target since the market must fill that whole area before continuing to move Bearish.
You can buy it and take the LQ Pool in consideration as a revarsal point.
The comment section is all yours for further info!
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Very CriticalFor now its just goin side ways, very thin volumes traded in this stock. Usually we see big volumes when there is at news that is effecting this stock. For now nothing interesting, if it breaks the current support area that is 19.75-80 area then it can come down for a retest. Other scenario for it to be bullish it will have to break 20.35 and close above it to attract buyers. For now its in a no trading zone.
Hit like & follow guys ;)