Long
ADOBE: ONLY THE RSI SETS US THE LEVEL OF BEARING BACKSPACE !!
On the weekly chart we can see with great clarity that since 2017 there have been two large bearish retracements, breaking down the RSI zone 70 and its 15-period moving average.
From my point of view, it still has a bullish path because I see the bullish break up of the RSI divergence line as very likely, seeking the formation of a double top in his
overbought zone at 84.50 level (RSI) approx.
My vision is bullish until the RSI and MA do not say otherwise.
Note
Other look !!
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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.