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ADBE

Is Adobe on its Way to the Clouds? 🎨 | ADOBE ($ADBE)📷 With more and more people working from home and taking part in remote and digital workforce companies like Adobe have never been more relevant. While Adobe's dominance in the digital creative market during these times is reason enough to be bullish going into what analysts predict to be favorable earnings, Adobe's chart is the real icing on the cake. We have noted on the chart as to how the prior all-time-highs (ATH) being broken above have turned out, and it is a safe assumption this ATH break will have a similar effect. It shouldn't be too hard to find a good long setup here, so let's look for one. Resources: www.earningswhispers.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing a clear uptrend (Aqua colored bars) on the 4-hour timeframe. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines). 3. The setup here is to buy the S1 S/R flip and orderblock cluster and then to ride ADBE up to new all-time-highs (likely riding on the back of the NASDAQ once it breaks through its previous highs. 4. Our stop is set below S1 giving us enough room to see a liquidity hunt. Our target is then current set to offer a solid 1:5 risk-to-reward ratio, although anything 1:3 or greater would be acceptable, so there is room to let this one run or take profit early as needed depending for example on the strength of the broader market. 5. While there aren't any notable levels above us (all-time-highs have that effect), we do have clear support below at the S2 major pivot point should we move lower for whatever reason. Good luck tech bulls!
NASDAQ:ADBE
by AlphaBotSystem