Short

ADBE small double top MACD diverging

Updated

Saw ADBE yesterday in this pattern MACD has been diverging down for some time. The MACD divergence indicates price should be at $275. OTM options are a taf expensive. June 21 expiration 267.6 puts are at 3.10. might be worth a couple of contracts.

Note

in at 3.15 and now already at 5.05 time to exit

Note

out at 5.50 for a nice 80 % gain in one hour cany complain about that

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