ADBE watch $387.21/97: Key Resistance to the Recovery Wave

6 May

ADBE has been struggling to paint a bottom.
Despite what AI could do, revenues not rising.
About to hit major resistance at $387.21-387.97

It is PROBABLE that we get a dip from it.
It is PLAUSIBLE that it will paint a local top.
It is POSSIBLE to Break-n-Retest to continue.

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10 Haz

İşlem aktif

Houston: we have IGNITION

(yellow shaded area is from posting time)

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Closer look with fib of last wave up:

We already had a major resistance at $426/427
Now the local 4.236 falls within that existing zone.
So that will be our CLOSE, zone at $426.43-427.45

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