AADX – Potential Bullish ABCD ReversalApplied Aerospace & Defense, Inc.NYSE:AADXFreedomBuilderAADX is approaching an interesting technical area on the daily chart, where a potential bullish ABCD-style reversal is developing. The decline from point C to point D has extended beyond the length of the original AB leg, suggesting an extended harmonic structure rather than a traditional equal-leg ABCD pattern. What catches my attention is the potential reversal area around $11.00–$11.50. Price has been consolidating near this zone after a prolonged decline, potentially setting the stage for a significant recovery if buyers begin stepping in. Trade Setup Entry: $11.50 (Aggressive) Confirmation: Break above $13.00 Stop Loss: $9.80 TP1: $16.50 TP2: $19.00 TP3: $21.50 The yellow descending trendline is an important level to watch. A convincing breakout above this resistance, supported by increasing volume, would provide an early indication that selling pressure is weakening. A stronger bullish confirmation would come from a daily close above $13.00, particularly if price establishes a higher low afterward. The upside targets represent potential recovery levels, not guaranteed outcomes. Reaching them would require a meaningful change in the current bearish market structure. The most interesting aspect of this setup is the potential reward relative to the defined risk. However, the pattern alone is not enough to confirm a reversal. A sustained break below $9.80 would invalidate this bullish setup. For now, AADX remains a potential reversal candidate rather than a confirmed bullish trend. The key will be whether buyers can defend the reversal zone and regain control of the daily price structure.