GRAND SUPERCYCLE (1) ENDING!!!Adobe has had quite a healthy run! ...So expect it to get sick - very VERY SICK! But then it'll get better, waaay BETTER! Go LONG @ $8 / share =p
ADBE trade ideas
buying opportunity on the way to the southA setup on 1H timeframe, setup transfer to Daily is possible. There are no new lows in the 1H TimeFrame, and the flag has now formed. I'm waiting for a breakout above 94.50.
Sell at the break!Price is in overbought.
Inversion is imminent.
We had the sell signal when pirce broke down the green support.
READY TO SHORT!!
Possible H&S forming on ADBEH&S might be forming on ADBE. It is s strong topping pattern and indicates reversal of trend. Watch for price to drop through neckline at 92.5 with high volume to confirm.
Higher Handle on ADBEInstitutional buying is occurring in ADBE. Higher handle consolidation forming. Breakout buy point $95.19
gap fill wound't be a bad place to go longextend the movement in this region would release some steams and cool down rsi
Upward channel Adobe has been in an upward channel since Septemebr 2013. Though overall stock market has been volitional the channel thus far remains intact. As long as the bottom support line holds up it looks like ADBE will continue to rise.
$ADBE - Model Eyes 97.11 Reversal; Geo Sees 46.85 TargetSYNOPSIS:
Predictive/Forecasting Model sees reversal at 97.11
Geo's Off-Set Rule #3 sees support at 46.85
Interim Bullish support expected at 66.60
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, CO - USA
Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView: www.tradingview.com
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Short ADBEI want to start by giving thanks to the fellow member, Jangoshee, for pointing this little gem out. We have price breaking down into a clear five a structure and now making a wave 2 correction to the upside. I plan to sell in the .618-.764 fib area, and then more on a clear breakdown. I have added two ris's with different settings, as i find both settings help me confirm a trade setup. The standardized rsi helps me confirm the trend i want to trade as noted on the chart, and the smoothed rsi helps me identify divergences (also noted on chart with blue lines), as well as the coming top. Good Trading.
Time to another retracement before a rally ? // IF=THEN ®NASDAQ:ADBE
Bearish divergence on RSI, looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$;
Second target around the 61.8% retracement @79.66$;
The last one, a full retracement back to the 70$;
How to trade this:
Open a short position that can be divided into three, example 3 lots, 0.3 lots, or even 0.03 lots...
Once we get the first target, we will close 1/3 of our position and move SL to breakeven;
Once we get the second target, we will close another 1/3 of the position and move SL above the first target, and the last 1/3 to the 3th target to let it run with no risk at all...
Safe trades;
