ADBE trade ideas
Is Adobe headed lower?Adobe has been climbing after a sharp slide last year, but now traders may start to worry about another move to the downside.
The first pattern on today’s chart is the peak on February 2, one day after Jerome Powell’s “disinflation” comment lifted spirits. ADBE pushed above its September high of $396.39 but didn’t hold. That kind of false breakout could suggest bears remain in control.
Second, prices have remained below the candle since, resulting in a potential “abandoned baby” pattern.
Third, the software company closed under its 21-day exponential moving average (EMA) for the first time since January 6. Is the short-term trend weakening?
Next, the 200-day simple moving average (SMA) has been falling and remains above the 50-day SMA. That could mean the longer-term trend is still bearish.
Finally, the relative strength index (RSI) is knifing down from an overbought condition.
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ADBE Setup for LongADOBE 1H Setup
1- trend was sideways and then broke to upwards
2- because of long consolidation it is expected
that price will shoot up.
3- Next Resistance at 392
4- Entry Points:
-Region1: if price goes above 382
-Region2: 360-365
-Region3: 324-328
Drop to 350s in coming weekADBE needs to establish support near the breakout level before continuing higher.
It’s a bearish Wolfe wave with near term downside to at least 357
Adobe breaking outMoving averages expanding, trend line on Daily broken, quite a nice set up
Trade safe
BULLISH BREAKOUTADBE just broke out it's huge bull flag looking like it might fill that gap it has next week.
Most breakouts lead to a retest of the previous resistance now support. Looking for a retracement next week to the support area for a bounce back up.
What are your thoughts ? I'd love to have a chat about other high probability setups..
$ADBE Nice Volatility Contraction Pattern (VCP)$ADBE is showing great RS here. It is forming both a flat base and a VCP at the same time. The RS Line has the green dot and the $SPX is below the chart with the orange line where you can see the divergence and RS. The green dots are saying there is RS before price is likely to break-out (thanks @JohnMuchow which has great indicators here on TV).
ADBE is running right up against a declining but flattening 150 Day MA (same as 30-week MA) and area of resistance above. (Horizontal blue line). It is however, above a rising 50 Day MA, 21 Day EMA and 5 Day SMA. I’ve started a ½ size position before it breaks out. With a very tight stop. Ideas, not investing / trading advice.
ABDE longPerfect example of range trading. It's been trading in this range for exactly 2 months, and I think the breakout/breakdown move is coming. I'm long $339.20, targeting the upper trend $356 and possible into the gap fill @365.65. Avwap from August high acting as support ~~$324 which will be my stop loss. Anything below that pushes it to gap fill, which starts @303 and closes at @317.42.
Adobe | dead catis this a long, slow, dead-cat bounce? Probably.
White = Yearly (trend) (scary structure on yearly. don't look... Adobe could test its yearly trend at some point...
Black = Monthly (very little structure on 6mon, 3mon and finally something on monthly to work with.
Grey = Weekly levels (most of the levels in play have been weekly.
Red = Daily.
$ADBE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ADBE after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 45.45%.
Adobe in a flag?Adobe - 30d expiry - We look to Buy at 328.71 (stop at 312.61)
Daily signals are mildly bullish.
Price action is forming a bullish flag which has a bias to break to the upside.
Trend line support is located at 327.
We look to buy dips.
We are trading at oversold extremes.
This stock has seen good sales growth.
50 1 day EMA is at 329.
Our profit targets will be 368.88 and 372.88
Resistance: 355.67 / 365.00 / 380.00
Support: 340.00 / 325.00 / 320.20
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RectangleEarnings 12-15 AMC.
It looks like most analysts are positive on earnings numbers.
Price is under the 50% level of the trend up but above the .618.
Neutral until broken.
No recommendation.
ADBE Adobe Inc Options Ahead Of EarningsLooking at the ADBE Adobe Inc options chain ahead of earnings , i would buy the $325 strike price Puts with
2023-01-20 expiration date for about
$17.25 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
$ADBE Short Idea Macro
Micro
As we see $ADBE challenging her main downtrend line therefore I can assemble a low-risk high reward trade.
Main reasons :
1) Trendline meeting
2) Double-top pattern
3)Market profile (since the gap-up) POC at 330
4)Close below 100 EMA
My main idea in nowadays market is bearish and that's leading me to take a more bearish approach X.X
Final notes :
I'm only interested in this trade if $ADBE will show me more weakness at 2.12.22 (Friday)
𝘠𝘰𝘩𝘢𝘪 𝘋𝘦𝘫𝘰𝘳𝘯𝘰 𝘛𝘳𝘢𝘥𝘦 𝘐𝘥𝘦𝘢𝘴
ADOBE predictions until 2036This might be the only 14yr TA available for Adobe... I'm happy to do 14yr TA charts at your request. These are serious TA's and take a solid 5mins to draw up.
you are welcome.
ADOBE shortNot to late to go short, all confirmations check, rupture of the support, pullback and now a flag pattern. I'm going to entry short now, but wait until the flag's break is a good option too
Adobe nasdaq adbe 1 month longAdobe nasdaq adbe 1 month long
monero adobe 1 ay long dayısı hadi
chart long short patladı
Weekly trade setup in ADBE for christmas/january effect rally$ADBE The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 425 before filling any of the gaps above. The gaps that are above will likely fill on the next earnings run up or early January 2023.
The weekly setup was triggered the last week of October and chopped into CPI and PPI reports. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 458 with estimated time of arrival sometime last week of January 2023. Stops would be considered if the daily price closes under the 6 day ma. I hope all of you bank on this!
ADBE weekly bullish setup$ADBE The wolfe wave indicator is increasing in popularity as we continue to see more people using it and enjoying the results. There is a massive setup for a gap fill 425 before filling any of the gaps above. The gaps that are above will likely fill on the next earnings run up or early January 2023.
The weekly setup was triggered the last week of October and chopped into CPI and PPI reports. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is around 458 with estimated time of arrival sometime last week of January 2023. I hope all of you bank on this!
#ADBE to 450$?Hello dear Traders,
Here is my idea for #ADBE
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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ADBENot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally
Adobe Analysis 20.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Thank you for watching and I will see you tomorrow!
ADBE, twins wedgeThis is what I noticed on ADBE. You can see almost twins broadening wedges. One has shown its target. How about the other? What would you bet?
