based on pure wyckoff perspctive,
it looks like there is a change of character which signifies transitioning of phase C of wyckoff event to phase D
position initiated as attached
Pure Wyckoff
As you can see the cloud is a bit greenish for a while and its a healthy cloud while the price action seems to be in consolidation potentially to breakout in this coming days in technical side of it the price just cross above the tenken sen while the kijun sen remains flat and below the price which considers a good bullish trend while the chinkou span is pointing upwards.
ADBE has been whipsawing bulls and bears since its last earnings report. Last Friday it made a decision and broke out - bulls have it from here near term.
Initial Target = 640 by 1/26/2024
Goal Target = 670 by 1/31/2024
After hitting targets it will likely get a pullback to 630-640 in early Feb before continuing higher to test ATH 700 by March 2024.
I'll send...
Im going to do a series of posts that are all about trade planning and learning about consistency and discipline through a practice. In this exercise, I will be consistently planning, executing what I planned, and documenting 30 trades.
A trade plan consists of a method, trade management, position sizing, documentation and review. A trade plan should state ahead...
ADBE is showing some great strength and testing the local high set in the middle of December. It's been consistently bouncing off the 50 EMA on the 65min chart and looks ready to break through. Might happen today, or even better, a Monday red to green should send it straight through on high volume.
Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our...
I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Adobe share with a target price of 973$.
I don't have adobe stock at the moment, I'm long adobe overall but afraid to dabble back in where its at now.
MACD:
Lower High in MACD:
The MACD making a lower high while the price is making higher highs could indicate weakening momentum.
Crossed Signal Line:
The MACD crossing below the signal line in October 2023 is a bearish signal, suggesting a potential...
In a groundbreaking move set to reshape the landscape of eCommerce payments, Nuvei Corporation, a leading Canadian fintech company, has announced a strategic partnership with Adobe ( NASDAQ:ADBE ), the global leader in digital experiences. The collaboration aims to empower businesses operating on Adobe Commerce, a key component of Adobe Experience Cloud, to...
Fundamentals :
ok
Technicals :
Adobe's 2023 trend leg continues in to 2024.
RSI has reached a bottom for the 5th time in this trend leg and price has reacted once again.
Price has pierced back above the cloud.
a-b-c down Crown target hit.
However, there could be resistance at 598.85. If price rallies above that, then this will be an extra confirmation that the...
Adobe rallied in the spring on AI optimism. It continued higher in the fourth quarter before pulling back, and now dip buyers may get active.
The first pattern on today’s chart is the price zone between roughly $560 and $570. The software company peaked there in September and October, but is now trying to hold it. Has old resistance become new support?
Second,...
LONG 620 TP
Long Position:
Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base.
Key Points:
Earnings Growth:...
Hello Traders,
As we dive deeper into our trading strategy inspired by Mark Minervini, I'm excited to share a detailed analysis of our updated watchlist:
www.tradingview.com
This list is meticulously curated, focusing on stocks poised for potential pullback entries, suitable for short to medium-term trades. Here’s what we’ve analyzed:
Selection of Stocks in...
Adobe has an interesting megaphone pattern, the support line would need a third touch to make it valid. On the daily cycle price is yet to fail, this it will do if price goes below R503.90, that will really get the selling going as stop-losses are triggered. The bear scenario has higher confidence given that the share is in week 30 of an uptrend and should be...
The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative...
Adobe potential move to 585-590 zone.
Today we have the Fed talking in the afternoon. We will see how the market reacts to it. However I trust technicals, and I believe in order to make good money in this market, you need to enter when institutions do, and get out when all retailers jump in. Too many confirmations kill profits.
This is a riskier idea, and I...
