Categories: Technical analysis

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).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Adobe

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