Union Properties (UPP) DFM 30-min Long

UPP just completed a textbook **ABC corrective wave** following a sharp impulsive rally that ended in a clean 5-wave move (Elliott Wave cycle complete). The correction dipped into a **15 min demand zone** formed from a previous consolidation range and found support there.

From the corrective low (C), price has printed a bullish impulsive structure suggesting the beginning of a new wave sequence (potentially wave (3) of a larger wave (5)).

We've broken above a descending wedge, retested the upper bound, and now pushing off demand. Volume and RSI behavior suggest accumulation. Structure is bullish AF.

### 🟩 **Demand Zone**

* **Key Zone**: 0.823–0.853 AED
* Strong reaction at this zone; confirmed by bounce

### 🎯 **Trade Idea**

* **Entry**: 0.862–0.870 AED (current price)
* **Stop Loss**: 0.823 AED (below demand & invalidation of new impulse)
* **Take Profit**: 1.01 AED (measured move of Wave (3), also previous high)
* **Risk/Reward**: \~3.26R

### 💰 **Risk Management**

* Max \RISK: **1–3% of total capital**
* Risk per trade should align with personal equity curve and win rate

“Be fearful when others are greedy and greedy when others are fearful.” – Warren Buffett

### ⚠️ **Disclaimer**

This analysis is for educational purposes only. Trading carries risk. Always conduct your own due diligence before making trading decisions.