The ADBE stock has continued its downward movement, heading directly toward the center of our beige Target Zone (coordinates: $449.61 – $331.93). With this range now reached, the minimum requirement for the ongoing correction has been met. However, our primary expectation remains that the price will engage more extensively within our Zone, as we anticipate the bottom of the beige wave x to form deeper within it. Once the low is established, we expect the subsequent wave y to resume the upward trend and surpass the resistance at $640. There, the larger blue wave (b) should be completed as well.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.