latest RSI two drops moving up & MCD drops getting smaller, this repetitive pattern will push up until filling the GAP.
details in the chart.
I always analyse the last two drops on the daily chart, when the RSI trend is going up on the last two drops, and the drops are always a big drop followed by a smaller one on the MCD MFT indicator, it is time for a rally upwards.
Clear Long position here, with maybe one little short in the middle.
I am following adobe for few weeks now, MCD and Sch are suggesting a bounce to the 35.50 area. Nice bullish channel going up, I am novice, so please forgive me if make no sense to you.