Adobe - Pretty clear trading setup!

4 thg 4, 2024

Hello Traders and Investors, in this video I will take a quick look at Adobe.

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Explanation of my video analysis:

Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there.

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Keep your long term vision,
Philip (BasicTrading)

19 thg 4, 2024

Ghi chú

Thank me later my dear Tradingview followers😆

Adobe stock is almost at the structure mentioned in the analysis!