• Adobe reversed from strong resistance level 386.50
• Likely to fall to 350.00
Adobe recently reversed down sharply from the strong resistance level 386.50 (which stopped the previous sharp upward impulse wave (5) in the middle of February), intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 386.50 created the daily Japanese candlestick reversal pattern Bearish Engulfing.
Adobe is likely to fall further toward the next support level 350.00 (low of the previous Morning Star from the middle of May).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies