Adobe Wave Analysis 28 June 2024

– Adobe rising in inside accelerated impulse wave C

– Likely to reach resistance level 580.00

Adobe recently broke through the resistance zone located between the resistance level 530.00 and the 50% Fibonacci correction of the previous sharp downward impulse wave (1) from the end of January.

The breakout of this resistance zone accelerated the active sharp impulse wave C of the intermediate ABC correction (2) from the end of May.

Adobe can be expected to rise further to the next resistance level 580.00, which stopped the earlier waves a and 2, target price for the completion of the active ABC correction (2).