ADBE correcciónADBE continua dentro del canal alsista, por el momento es solo una corrección, rebotando en banda superior de Bollinger y testeando la media de 20
ADOBE continues with the bullish channel, for the moment it is only a correction, touching in the upper Bollinger band and testing the EMA 20
0R2Y trade ideas
Adobe Deathcross DailyThere seems to be some discrepency regarding the nature of the rising broadening wedge, with some thinking its bullish while others bearish. I believe it is bearish, following Bulkowski's chart pattern rules. Short should be placed just under or above 200DMA if deathcross follows through. For a rising broadening wedge to be valid three or more touches must be evident at resistance and support lines.
ADBE - tested trendline and reboundingS&P 500 is still staying put above 2300 critical support. I know it' s crazy scary now and volatility is just so great but I am willing to start nibbling when I see this. Stop loss below today's low by a few ticks and looking to protect profits with trailing stops . Trade carefully!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.