🔥 DUBAI ELECTRICITY (DEWA)
“DEWA’s running a clean Elliott textbook: ABC down, new impulse up. The bulls stepped in hard at the C-wave low — textbook demand zone reaction. Now riding Wave 3 with momentum, and 3.06 is the magnet.”
### 🌀 **Elliott Wave Breakdown**
* ✅ Completed impulse: Wave **(1)-(5)** topped near **2.90**
* 🔻 Correction: **ABC** Zigzag down to strong demand zone (**C** low = liquidity sweep)
* 🟢 New bullish impulse unfolding:
* Wave **(1)** and **(2)** of the new cycle complete
* Currently riding Wave **(3)** targeting **2.88(Wave 3), 3.06 (Wave 5)**
* Smart money likely stepped in at Wave (C) low
* **3.06:** Target zone & projected Wave (5) high
---
### 🧮 **Fibonacci Extension**
Wave (3)target ≈ **2.87 –
Wave 5 target 3.06
## 🎯 **Trade Plan**
| --------------- | ----------------------------------- |
| **Entry** | Market @ 2.72 or pullback near 2.60 |
| **Stop Loss** | Below 2.43 (demand zone) |
| **Take Profit** | 3.06 (Wave (5) projection) |
| **Risk/Reward** | \~1:3.2 |
*“The market moves in waves. Ride the impulse, survive the correction.”*
### ⚠️ **Disclaimer**
> This is an educational analysis, not financial advice. Always use a stop loss. DYOR before entering any position.
“DEWA’s running a clean Elliott textbook: ABC down, new impulse up. The bulls stepped in hard at the C-wave low — textbook demand zone reaction. Now riding Wave 3 with momentum, and 3.06 is the magnet.”
### 🌀 **Elliott Wave Breakdown**
* ✅ Completed impulse: Wave **(1)-(5)** topped near **2.90**
* 🔻 Correction: **ABC** Zigzag down to strong demand zone (**C** low = liquidity sweep)
* 🟢 New bullish impulse unfolding:
* Wave **(1)** and **(2)** of the new cycle complete
* Currently riding Wave **(3)** targeting **2.88(Wave 3), 3.06 (Wave 5)**
* Smart money likely stepped in at Wave (C) low
* **3.06:** Target zone & projected Wave (5) high
---
### 🧮 **Fibonacci Extension**
Wave (3)target ≈ **2.87 –
Wave 5 target 3.06
## 🎯 **Trade Plan**
| --------------- | ----------------------------------- |
| **Entry** | Market @ 2.72 or pullback near 2.60 |
| **Stop Loss** | Below 2.43 (demand zone) |
| **Take Profit** | 3.06 (Wave (5) projection) |
| **Risk/Reward** | \~1:3.2 |
*“The market moves in waves. Ride the impulse, survive the correction.”*
### ⚠️ **Disclaimer**
> This is an educational analysis, not financial advice. Always use a stop loss. DYOR before entering any position.
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.
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.