Adobe Spent over 7 months between ~450-500.
Stock price & moving averages are at a very crucial level and near the lower edge of the consolidation window.
The possibilities are:
1. Adobe doesn't come back to 475+ levels by end of week (5-mar). Shows some weakness for coming weeks.
2. Adobe closes below 450, then the fall could be till 380-390. This aligns well with the Fibonacci level as well as last prominent top.
Stock price & moving averages are at a very crucial level and near the lower edge of the consolidation window.
The possibilities are:
1. Adobe doesn't come back to 475+ levels by end of week (5-mar). Shows some weakness for coming weeks.
2. Adobe closes below 450, then the fall could be till 380-390. This aligns well with the Fibonacci level as well as last prominent top.