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ADOBE possible FLAG formation !The technology sector is preparing to make a new high. Many stocks are after a consolidation period since September. We can clearly see that ADBE testing its highest high , so watch it. As always, diversify. If the flag pattern will follow through a big move is about to happen, one that worth risking on a trade. Previous pulse waves were relatively smooth. Side note: if you are familiar with Wyckoff theory, SPRING just happened in March... which is also a possible positive sign for a shoot up :)
NASDAQ:ADBELong
by ZoharCho
1
Wyckoff Accumulation Event - Phase E (Textbook Trading Patters)"Phase E: In Phase E, the stock leaves the Trading Range, demand is in full control and the markup is obvious to everyone. Setbacks, such as shakeouts and more typical reactions, are usually short-lived. New, higher-level Trading Ranges comprising both profit-taking and acquisition of additional shares (“re-accumulation”) by large operators can occur at any point in Phase E. These Trading Ranges are sometimes called “stepping stones” on the way to even higher price targets." Feedback below is welcome. Lets have a chat.
Long
by wesmantx05
1