– 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).
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