$ADBE stellar run going out of channel but should come back in after temporary move similar to Feb breach to the downside.
$ADBE rising wedge on daily. Looking for move south to the 200 ma.
Im basing my prediction on the support and resistance ranges from the gann fan. I believe it will begin to trend up at least above resistance from previous trend.
Here's what I'm looking at for next week: VIX/VIX PRODUCTS . VIX finished last week at 16.50. I will look at VIX/VIX product setups early next week depending how the "horse does at the gate" (Monday). If we see a tight range in the S&P like we did pre-Draghi in prepation for FOMC, VIX could drift go a little lower Monday through Wednesday, in which case I will...
SYNOPSIS: Predictive/Forecasting Model sees reversal at 97.11 Geo's Off-Set Rule #3 sees support at 46.85 Interim Bullish support expected at 66.60 Best, David Alcindor Predictive Analysis & Forecasting Durango, CO - USA Twitter: @4xForecaster Linked-In: David Alcindor TradingView: www.tradingview.com .
NASDAQ:ADBE Bearish divergence on RSI, looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$; Second target around the 61.8% retracement @79.66$; The last one, a full retracement back to the 70$; How to trade this: Open a short position that can be divided into three,...
Adobe System has given a recent correction after a long rally. That correction would be a Wave A correction and since then it has retraced back to 61.8% fib which is also the trendline resistance making a Wave B. One can Go short now with stoploss just above the recent high and Targets atleast towards the same lows where the channel line support comes making it a...
Break Descending Wedge, Bullish Engulfing Confirmation, Major Trend Up. Low IV suitable for buy call,Bounce on Fibs 61.8
More bullish than bearish. Would not even LOOK AT OR WORRY WITH spread unless we close below 200 SMA