Alpha Dhabi ADX - Bullish RSI DivergenceAlpha Dhabi is signaling a strong bullish continuation backed by RSI divergence and Elliott Wave structure. Enter near the 12.30–12.36 zone, manage risks with stops below 11.70, and take partial profits at each TP level.
The RSI formed higher lows, while the price made lower lows, indicating momentum is shifting to the upside.
Trade Setup:
Entry: 12.36 (Bullish RSI divergence confirmation above demand zone)
Stop Loss: 11.70 (Below key demand zone, invalidates Wave 2 structure)
Take Profit Levels:
TP1: 13.00 (RRR ~1.5:1, first supply zone)
TP2: 13.50 (RRR ~2:1, strong resistance near Wave 3 target)
Stretch Target: 14.56 (RRR ~3:1, possible Wave 5 completion)
"Be fearful when others are greedy and greedy when others are fearful." — Warren Buffett
"Stick to your risk management plan and trust the structure as long as the pattern holds."
Disclaimer: This analysis is for educational purposes only and not financial advice. Always perform your own due diligence and trade responsibly. Past performance is not indicative of future results.
