Earnings this Friday...
Think adbe will correct after this earnings back to 500.
Price broke out of a triangle and the move is now complete
Bearish divergence on daily RSI and chart
Usually with symmetrical triangles the measure move of the breakout is the length of triangle like so :
As you can see, the move is completed.
My short term target is 500 post earnings, if Adobe loses 500, it's going to 450. Price could gap up on earnings news and flush after similar to NVDA
Think adbe will correct after this earnings back to 500.
Price broke out of a triangle and the move is now complete
Bearish divergence on daily RSI and chart
Usually with symmetrical triangles the measure move of the breakout is the length of triangle like so :
As you can see, the move is completed.
My short term target is 500 post earnings, if Adobe loses 500, it's going to 450. Price could gap up on earnings news and flush after similar to NVDA