- Adobe broke support zone
- Likely to fall to support level 364.90
Adobe recently broke through the support zone located between the support level 392.85 (which stopped wave A at the end of May) and the 61.8% Fibonacci correction of the upward impulse (1) from April.
The breakout of this support zone continues the active impulse wave C of the intermediate ABC correction (2) from last month.
Given the clear daily downtrend, Adobe can be expected to fall to the next support level at 364.90 (target for the completion of the active impulse wave C).
- Likely to fall to support level 364.90
Adobe recently broke through the support zone located between the support level 392.85 (which stopped wave A at the end of May) and the 61.8% Fibonacci correction of the upward impulse (1) from April.
The breakout of this support zone continues the active impulse wave C of the intermediate ABC correction (2) from last month.
Given the clear daily downtrend, Adobe can be expected to fall to the next support level at 364.90 (target for the completion of the active impulse wave C).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.