Abu Dhabi Commercial Bank in complex correction.

ADX:ADCB   Abu Dhabi Commercial Bank
I think Abu Dhabi Commercial Bank is near end of it's bearish trend. It's a triple three complex correction. which is wave WXYXZ form and I think it's in wave Z. Abu Dhabi Commercial Bank is near the end of bearish trend and soon stock will start moving up.

To complete the triple three complex correction in this stock price has to go below 7.63 which is bottom of wave Y.

Target: -
1) Below wave Y which is 7.63
2) Control line or middle line of parallel channel.
3) Orange Bottom Bearish trend line which I joined first point from wave W and second point wave Y.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.