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.
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