ADCB trade ideas
Abu Dhabi Commercial Bank in complex correction.ADX:ADCB
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.
