$ADBE TOP 10
Added 2025-03-17 08:58:53 +0000 UTCNegative reaction this month to a double beat on earnings which confirms that $ADBE is still in its corrective pull back.
We can see that there was a bounce on the 0.618 Fib at $413 at the start of the year and bounced to the 0.5 Fib at $457, before rejecting and pulling back to making a lower low now.
This has been a strong flush down post earnings too, which is a typical sign that a bottom is approaching I believe.
If the 0.618 Fib is not recaptured next then there will be a test of the lower 0.78 Fib next at $351.
$ADBE is a Top 10 chart so I believe that this is an opportunity once support is found.
Comments
Hey Cap, what are your thoughts on ADBE currently?
David Köster
2025-04-11 07:28:25 +0000 UTCI’m wondering how you are looking at ADBE today? We are in a rising wedge and it’s getting very narrow now!
Dylan Longden
2025-03-25 14:18:14 +0000 UTC
