wstchse
Short

Short ADBE

NASDAQ:ADBE   ADOBE SYSTEMS INC
43 0 4
I want to start by giving thanks to the fellow member, Jangoshee, for pointing this little gem out. We have price breaking down into a clear five a structure and now making a wave 2 correction to the upside. I plan to sell in the .618-.764 fib area, and then more on a clear breakdown. I have added two ris's with different settings, as i find both settings help me confirm a trade setup. The standardized rsi helps me confirm the trend i want to trade as noted on the chart, and the smoothed rsi helps me identify divergences (also noted on chart with blue lines), as well as the coming top. Good Trading.
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