Short term opportunity on ADBE Today, we will show a bullish setup we have seen on ADBE.
a) The price has broken a major Descending structure
b) Now it's above a resistance zone
c) We can see a corrective structure on the mentioned resistance zone
d) If we have a breakout on the Green line, we will consider the analysis active / The same scenario for the red line (Invalidation of the analysis)
e) The TP1 area can be used to close the setup or move the stop loss to break-even (that is what we will do)
f) We are aiming for a final target at 533.10
g) This setup can provide a Risk Reward Ratio above 2
h) We expect a resolution between 10 to 20 days
ADBE34 trade ideas
ADBE buy zoneI am a casual trader while managing own online business.
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ADBE triangle break out at critical resistance levelsExpect ADBE to break ATH in 20 - 45 days time, entry point my varies, sizing for long swing, beside TA ADBE is a good fundamental stock to own since it dominates its own market for professionals.
Take the opportunity when Sell the news event happens on 21/12/2020.
Next target 1.272 level.
$ADBE - patience pays offI do not know if I can hold off too much longer on ADBE
I do think it will take off a bit, but it hasn't made a move for as long as I have thought this.
It held over $500 but on quad witching day, so it doesn't count.
I will be picking up options within the next two weeks
I love the volume from 12/18.