Long

Union Properties (DFM: UPP) Swing Trade

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

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