BILDCO -ADX 30-min LongAbu Dhabi National Co. for Building MaterialsADX:BILDCODubaiTradersHub BILDCO rallied impulsively from the 0.70 low (June) to a peak near 2.05 (early Aug). We clearly had a 5-wave Elliott impulsive structure up (green (1)-(5)). This was followed by a sharp A-B-C corrective wave, bottoming at 1.52-1.60 Demand Zone last week. Current price is 1.63, bouncing off demand, indicating bulls may be regaining control. 🔎 Trend & Structure Primary Trend: Bullish (higher highs + higher lows on higher TF). Correction Phase: Completed A-B-C at demand. Channel Breakout: Price broke out of the falling daily trendline (DT), confirming potential trend reversal. Next Wave Structure: Projected new Elliott Wave cycle (1-5) targeting 2.83 in coming weeks. 🏦 Supply & Demand Demand Zone (Strong Support): 1.52 – 1.60 (freshly tested & defended). Supply Zone (First Hurdle): 2.00 – 2.05 (previous high). Major Supply (Target Resistance): 2.80 – 2.85 (completion of Wave 5). 🛠 Trade Idea (Swing Setup) Entry Zone: 1.60 – 1.65 (already in demand). Stop Loss: 1.50 (below demand). Take Profit Targets: TP1: 2.05 (supply retest). TP2: 2.40 (Wave 3 mid-target). TP3: 2.80 – 2.85 (final Wave 5). 🎯 Risk/Reward Estimate: >1:10 ⚖ Risk Management Max risk per trade = 1-3% of account equity. Move SL to BE once price hits 2.00 (1:1 RR). Consider scaling out 30% at 2.05, 30% at 2.40, hold rest for 2.80+. "The market is a device for transferring money from the impatient to the patient." – Warren Buffett ⚠️ Disclaimer This is not financial advice. For educational purposes only. Always do your own research before trading or investing.