DUBAI ELECTRICITY (DEWA) running a clean Elliott🔥 DUBAI ELECTRICITY (DEWA)
“DEWA’s running a clean Elliott textbook: ABC down, new impulse up. The bulls stepped in hard at the C-wave low — textbook demand zone reaction. Now riding Wave 3 with momentum, and 3.06 is the magnet.”
### 🌀 **Elliott Wave Breakdown**
* ✅ Completed impulse: Wave **(1)-(5)** topped near **2.90**
* 🔻 Correction: **ABC** Zigzag down to strong demand zone (**C** low = liquidity sweep)
* 🟢 New bullish impulse unfolding:
* Wave **(1)** and **(2)** of the new cycle complete
* Currently riding Wave **(3)** targeting **2.88(Wave 3), 3.06 (Wave 5)**
* Smart money likely stepped in at Wave (C) low
* **3.06:** Target zone & projected Wave (5) high
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### 🧮 **Fibonacci Extension**
Wave (3)target ≈ **2.87 –
Wave 5 target 3.06
## 🎯 **Trade Plan**
| --------------- | ----------------------------------- |
| **Entry** | Market @ 2.72 or pullback near 2.60 |
| **Stop Loss** | Below 2.43 (demand zone) |
| **Take Profit** | 3.06 (Wave (5) projection) |
| **Risk/Reward** | \~1:3.2 |
*“The market moves in waves. Ride the impulse, survive the correction.”*
### ⚠️ **Disclaimer**
> This is an educational analysis, not financial advice. Always use a stop loss. DYOR before entering any position.
