Hi traders, Adobe has been a great investment for traders. It tripled in value in the 3 years. I am looking for a long entry after the retracement. Entry: $ 90.56 Stop: $ 87.73 Target: $ 99.94 = R:RR 3.31 Good luck.
A setup on 1H timeframe, setup transfer to Daily is possible. There are no new lows in the 1H TimeFrame, and the flag has now formed. I'm waiting for a breakout above 94.50.
Here is a potential short trade. Looking at 5' as potential entry and the GEO Off-Set rule as an exit. The GEO Off-Set rule has been thoroughly explained in the threads of @4xForecaster. Take a look at his profile for a great explanation of the rule. www.tradingview.com
SYNOPSIS: Predictive/Forecasting Model sees reversal at 97.11 Geo's Off-Set Rule #3 sees support at 46.85 Interim Bullish support expected at 66.60 Best, David Alcindor Predictive Analysis & Forecasting Durango, CO - USA Twitter: @4xForecaster Linked-In: David Alcindor TradingView: www.tradingview.com .
Adobe System has given a recent correction after a long rally. That correction would be a Wave A correction and since then it has retraced back to 61.8% fib which is also the trendline resistance making a Wave B. One can Go short now with stoploss just above the recent high and Targets atleast towards the same lows where the channel line support comes making it a...