Union Properties just completed a textbook ABC correction after a 5-wave impulse rally, with >100% profit last year, and it's looking like we're launching into a fresh (1)-(2)-(3) Elliott impulse wave from the latest Demand Zone.
The corrective ABC structure found a strong Higher Low (HL) near the 0.81–0.83 AED zone, and price has now broken out of a descending wedge that had trapped price action for months — bullish signal.
Price is sitting just above a key tested demand zone and looks ready to initiate Wave (3), which is typically the most explosive in the Elliott cycle.
Elliott Wave Structure
Complete 5-wave rally: Jan–July 2025
Followed by clean A-B-C correction into demand
Current move from demand is likely the beginning of (1)-(2)-(3) structure
Ideal projection: Wave (3) toward 1.20+ AED
Supply & Demand Zones
Demand Zones:
0.81–0.83 AED (active, tested multiple times)
0.70–0.75 AED (deeper fallback)
Supply Zones:
0.93–1.00 AED (initial resistance)
1.15–1.25 AED (final target zone for Wave (3))
Trend Analysis
- Reclaiming Higher Lows
- Breakout from falling wedge
- Above key resistance-turned-support
Trade Setup
Entry: 0.860 AED (Current price)
Stop Loss: 0.815 AED (Below structure & demand zone)
Take Profit: 1.20 AED (Wave (3) projection)
Risk/Reward: ~1:7.5 (highly favorable)
Risk Management
Max Risk: 1-3% of portfolio
Use exact pip distance (45 fils) to size your position accordingly
Risking 1% with a 0.045 AED stop = ~22.22x position size of risk capital (use Alarms)
Trade Management
Move SL to Breakeven once 0.93 AED is hit(use Alarms)
Consider taking partial profits at 1.00 AED (supply zone)
Let rest ride to 1.20–1.25 AED with trailing stop
Scaling Strategy
Scale In: On a retest of 0.85–0.86 AED with bullish confirmation (wick or volume)
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
⚠️ Disclaimer
This setup is for educational purposes only and does not constitute financial advice. Always assess your personal risk and consult with a licensed advisor before entering any positions.
🏷️ Tags
#UnionProperties #DFM #ElliottWave #BreakoutTrade #BullishWave3 #SupplyDemand #TrendContinuation #SwingTradeUAE #DubaiStocks #TechnicalAnalysis
By Dubai Traders Hub
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By Dubai Traders Hub
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.