ADBE - Pullback From The Balance

16 Jan

No, I don’t like Adobe.
But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets.

Let’s take a look at what we have on the chart:

Adobe has reached the centerline.
The market is in balance and has reached Pivot 3.

According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to see a relatively smaller pullback before P5 ultimately unfolds.

Nevertheless, a reversal is likely at the centerline. Additionally, we are in a support/accumulation zone after the market has dropped over 40% from its 2022 high.

I'm stalking a long entry and put my money to work.

Long ADBE <--- ME §8-)

20 Jan

Catatan

Momentum coming to live.
A nice start with a good weekly close.

3 Feb

Catatan

This could be the pullback to the Center-Line, after price jumped above it from below like a spring.
This is common behavior: