Tag: Adobe

Adobe: ⬆️ Buy – Adobe reversed from strong support level of 335.00 – Likely to rise to resistance level 360.00 Adobe recently reversed up from the support zone between the strong support level of 335.00 (which stopped the sharp daily downtrend in April) and the lower daily Bollinger Band. This support zone was further strengthened […]

Adobe: ⬇️ Sell – Adobe broke the key support level 360.00 – Likely to fall to support level 335.00 Adobe recently broke below the key support level 360.00 (which stopped the previous minor impulse wave i at the start of July). The breakout of the support level 360.00 accelerated the active impulse wave C of […]

Adobe: ⬇️ Sell – Adobe broke support zone – Likely to fall to support level 364.90 Adobe recently broke through the support zone located between the support level 392.85 (which stopped wave A at the end of May) and the 61.8% Fibonacci correction of the upward impulse (1) from April. The breakout of this support […]

Adobe: ⬆️ Buy – Adobe broke resistance area – Likely to rise to resistance level 440.00 Adobe recently broke the resistance area between the resistance level 403.60 (which stopped the previous minor corrective wave iv) and the 50% Fibonacci correction of the downward impulse from February. The breakout of this resistance zone continues the active […]

Adobe: ⬆️ Buy – Adobe reversed from the support zone – Likely to rise to the resistance level 376.40 Adobe recently reversed sharply from the support area between the key support level 335.00 (which has been reversing the price from the start of 2023) and the lower weekly Bollinger Band. This support area was further […]

• Adobe broke multi-month support level 350.00 • Likely to fall to support level 300.00 Adobe today opened with the sharp downward gap, which broke below the key multi-month support level 350.00 (which stopped wave (5) in the middle of June). The breakout of the support level 350.00 accelerated the active intermediate impulse wave (3), […]

• Adobe under bearish pressure • Likely to fall to support level 420.00 Adobe under the bearish pressure following the earlier breakout of the support area located between the support level 480.00 (which stopped the price twice in January) and the support level 469.00 (former monthly low from May). The breakout of this support area […]