Adobe - A gigantic triangle breakout!

3 lip

🔋Adobe (ADBE) will break the triangle:

🔎Analysis summary:

Yes, for the past five years Adobe has been overall consolidating. But this consolidation was governed by a strong symmetrical triangle pattern. Thus following the underlying uptrend, there is already a higher chance that we will see a bullish breakout, followed by a strong rally.

📝Levels to watch:

$400, $700

🙏🏻#LONGTERMVISION
Philip - Swing Trader

14 lip

Zlecenie aktywne

🔋Adobe (ADBE) retests massive support:

🔎Analysis summary:

As we are speaking, Adobe is retesting a major confluence of support. Following the triangle pattern together with the major horizontal structure, there is a quite high chance for a reversal soon. The bullish trend and triangle remain valid.

📝Levels to watch:

$400, $700

🙏🏻#LONGTERMVISION
Philip - Swing Trader

22 lip

Transakcja zamknięta: osiągnięto wyznaczony cel

🔋Adobe (ADBE) will reverse now:

🔎Analysis summary:

Yes, Above has been consolidating for more than five years now. But all of this happened because of the long term symmetrical triangle pattern, starting back in 2020. Considering the retest of support, a move higher followed by a breakout is very likely.

📝Levels to watch:

$400, $700

🙏🏻#LONGTERMVISION
SwingTraderPhil