• Adobe broke support zone
• Likely to fall to 431.70
Adobe falling sharply after the earlier breakout of the support zone lying at the intersection of the support level 460.00 (which reversed the price multiple times in September) and the 61.8% Fibonacci correction of the upward impulse from July.
The breakout of this support zone should accelerate the active downward impulse waves 3 and (5).
Adobe is likely to fall further toward the next support level 431.70 (monthly low from August and the target for the completion of the active impulse wave 3).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies