picchiant

picchiant Updated 

latest RSI two drops moving up & MCD drops getting smaller, this repetitive pattern will push up until filling the GAP.

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details in the chart.

picchiant

I always analyse the last two drops on the daily chart, when the RSI trend is going up on the last two drops, and the drops are always a big drop followed by a smaller one on the MCD MFT indicator, it is time for a rally upwards.

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Clear Long position here, with maybe one little short in the middle.

picchiant

I am following adobe for few weeks now, MCD and Sch are suggesting a bounce to the 35.50 area. Nice bullish channel going up, I am novice, so please forgive me if make no sense to you.