Adobe Inc.Long
ADBE - Pullback From The Balance
No, I don’t like Adobe.
But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets.
Let’s take a look at what we have on the chart:
Adobe has reached the centerline.
The market is in balance and has reached Pivot 3.
According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to see a relatively smaller pullback before P5 ultimately unfolds.
Nevertheless, a reversal is likely at the centerline. Additionally, we are in a support/accumulation zone after the market has dropped over 40% from its 2022 high.
I'm stalking a long entry and put my money to work.
Long ADBE <--- ME §8-)
But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets.
Let’s take a look at what we have on the chart:
Adobe has reached the centerline.
The market is in balance and has reached Pivot 3.
According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to see a relatively smaller pullback before P5 ultimately unfolds.
Nevertheless, a reversal is likely at the centerline. Additionally, we are in a support/accumulation zone after the market has dropped over 40% from its 2022 high.
I'm stalking a long entry and put my money to work.
Long ADBE <--- ME §8-)
Nota
Momentum coming to live.
A nice start with a good weekly close.
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