Elliott Wave Technical Analysis: Adobe Inc.

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Feb 7, 2023 at 9:00 AM EST

Looking for an end of wave {iv} to then look for longs.

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Adobe Inc., Elliott Wave Technical Analysis

Adobe Inc., (Nasdaq: ADBE): Daily Chart, 7 February 23,

ADBE Stock Market Analysis: Looking for further upside into wave {v}. As we have had a sideways wave {ii} it would make sense to form a sharp correction in wave {iv}. There is a possibility we are just in an abc correction and we will resume lower.

ADBE Elliott Wave Count: Wave {iv} of 1.

ADBE Technical Indicators: Above all averages, 200EMA as support.

ADBE Trading Strategy: Looking for an end of wave {iv} to then look for longs.

Analyst: Alessio Barretta

Adobe Inc., ADBE: 4-hour Chart, 7 February 23,

Adobe Inc., Elliott Wave Technical Analysis

ADBE Stock Market Analysis: We do not have signs that the downside in wave {iv} is completed yet, even If we are close to the 38.2% as well as we are entering a zone of support.

ADBE Elliott Wave count: Wave {iv} of 1.

ADBE Technical Indicators: 20EMA as support.

ADBE Trading Strategy: Looking for evidence wave {iv} is over to enter long.

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