On the Daily timeframe, 
ADBE is showing early signs of strength:
Key Levels:
Important Note:
This analysis is not a buy/sell signal. It highlights potential upside if key technical levels are broken and confirmed. Patience for breakout + retest may provide a clearer setup.
(For educational purposes only, not financial advice.)
ADBE is showing early signs of strength:- A Double Bottom pattern has formed, often seen as a bullish reversal signal.
- RSI divergence was present at the pattern lows, and RSI has broken above its trendline, suggesting momentum shift.
- Price closed above the EMA50, an important technical milestone.
- MACD is in positive territory, supporting a potential continuation upward.
- Volume has not spiked dramatically, but it is gradually increasing compared to recent history.
Key Levels:
- If the downtrend resistance line is broken and price retests neckline/downtrend area successfully, the pattern projects a move at least towards the next local resistance zone.
- Confirmation is crucial: a breakout without retest can be a false signal.
Important Note:
This analysis is not a buy/sell signal. It highlights potential upside if key technical levels are broken and confirmed. Patience for breakout + retest may provide a clearer setup.
(For educational purposes only, not financial advice.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.