Weekly trade setup in ADBE for christmas/january effect rally
ADBE The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 425 before filling any of the gaps above. The gaps that are above will likely fill on the next earnings run up or early January 2023. The weekly setup was triggered the last week of October and chopped into CPI and PPI reports. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 458 with estimated time of arrival sometime last week of January 2023. Stops would be considered if the daily price closes under the 6 day ma. I hope all of you bank on this!
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