RizeSenpai

ADBE: Bearish 5-0 Bearish Entry Anticipating PPO Confirmation

Short
NASDAQ:ADBE   Adobe Inc.
Back in December 2021, ADBE gave us a Bearish ABCD entry that led us into a Shark BAMM Pattern. Once it made it to the BAMM target, it bounced back up to where it is now. The interesting thing is that the PPO is looking like it's ready to roll over, and it happens to be at what would be a Potential Bearish 5-0 entry. If the PPO crosses below the upper extremes, we could see this go for a lower low, and if we are to judge how far it can go harmonically, I'd say it could go all the way to the 1.414, which would be the PCZ of a Potential Bullish ABCD.


For additional context, I have left the Bearish Entry setup from 2021 in the Related Ideas Section below.

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