Weekly fake breakout at the top along with HS pattern. It has broken down the neckline. I would like to short at ~230 if it has a retest. TP: 189
Pattern is similar to INTU. See the following linked idea.
237 Area is a critical line in the sand for ADBE. If it breaks, it has a long way to fall. Also very extended from 50 SMA on monthly chart. Buy long dated PUTs. The stop loss should be above the falling trend line. If price breaks out above trend line, close.