Adobe Trading Analysis (13/06/2024)

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.

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.

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