buying opportunity on the way to the southA setup on 1H timeframe, setup transfer to Daily is possible. There are no new lows in the 1H TimeFrame, and the flag has now formed. I'm waiting for a breakout above 94.50.
Adobe
$ADBE - Model Eyes 97.11 Reversal; Geo Sees 46.85 TargetSYNOPSIS:
Predictive/Forecasting Model sees reversal at 97.11
Geo's Off-Set Rule #3 sees support at 46.85
Interim Bullish support expected at 66.60
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, CO - USA
Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView: www.tradingview.com
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Adobe System(ADBE) has a nice short setup!!Adobe System has given a recent correction after a long rally. That correction would be a Wave A correction and since then it has retraced back to 61.8% fib which is also the trendline resistance making a Wave B. One can Go short now with stoploss just above the recent high and Targets atleast towards the same lows where the channel line support comes making it a Wave C correction and a Wave 4 completion. Happy Trading!!
