EMIRATES REIT (CEIC) primed to launch Wave 3“REIT just reclaimed the fair value zone after a deep correction. Wave 2’s in the rearview — now we’re primed to launch Wave 3. Smart money’s stacked at 0.44. 0.66 is the golden magnet if bulls keep structure intact.”
🧠 Elliott Wave Breakdown
✅ Completed bullish impulse (1 → 5), topping out near 0.59
🔻 Deep corrective decline (sharp ABC or Zigzag) down into demand zone 0.4
🟢 New impulse wave :
Current count suggests we're in Wave (3) of the new cycle
Waves (1) and (2) are done — price bouncing from demand and fair value gap (FVG)
Fair Value Gap (FVG) near 0.50: Price filling imbalance and consolidating above average price
Resistance flip likely above 0.511 → breakout confirmation
📐 Fibonacci / Channel Projection
Price staying inside bullish channel
Target projected for Wave (5) = 0.66
🎯 Trade Setup
Entry 0.485 (current) or pullback to 0.470
Stop Loss Below 0.440 (demand zone)
Take Profit 0.661 (Wave (5) projection)
Risk/Reward ~1:3.5
“Amateurs go where the price is. Pros go where the imbalance is.”
⚠️ Disclaimer
Chart is for educational use only. Not financial advice. Always use a stop loss and follow your trading plan.
