Adobe: Downhill! ⛷️

14 Ara 2023

The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.