Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell

– Adobe broke round support level 400.00

– Likely to fall to support level 360.00

Adobe recently broke with the sharp downward gap the round support level 400.00, which stopped wave 5 of the previous impulse wave (1) at the start of January.

The breakout of the support level 400.00 accelerated the active impulse wave 3 of the sharp downward impulse wave (3) from the middle of February.

Given the clear daily downtrend, Adobe can be expected to fall to the next support level 360.00– which is the target price for the completion of the active impulse wave 3.