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Adobe Trading Analysis (13/06/2024)

13.06.2024

Market Review

The trend is descending. The stock trades in the range between 365 and 135 ЕМА. The upward truncated wave structure ended with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator.

Adobe Inc. stock price chart

Trading idea:

Sell when the formation of the downward truncated wave structure begins.

Stop-loss at 471.00.

Price targets at 443.65 and 433.85.

#adobe #stock #tradersroom #daytradingpatterns #forexexpertadvisor

Penulis: GC
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