BILDCO -ADX 30-min Long
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.
