🔥 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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.