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Adobe Inc.(ADBE:NASDAQ) Elliott Wave Technical Analysis15 May 23


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Adobe Inc., Elliott Wave Technical Analysis

Adobe Inc., (ADBE:NASDAQ): Daily Chart, 15 May 23,

ADBE Stock Market Analysis: Looking for further downside into wave {c} as we are looking at a larger correction in Minor wave B to be near completion.  

ADBE Elliott Wave Count: Wave {c} of B.

ADBE Technical Indicators: Below all averages.

ADBE Trading Strategy: Looking for longs after reaching equality of {c} vs. {a} to then try to take advantage of the upswing in wave C.

TradingLounge Analyst: Alessio Barretta

 

ADBE_5_15.png.c26824efe6a78ef74acfff47a2979167.png

 

 

Adobe Inc., ADBE: 4-hour Chart, 15 May 23,

Adobe Inc., Elliott Wave Technical Analysis

ADBE Stock Market Analysis: It looks like we are in wave (iii) of {c} as we have extended lower. Looking for a pullback into wave (iv) to then look for additional shorts. Ideally wave (iv) finds resistance near the wave four of one lesser degree, therefore wave iv.

ADBE Elliott Wave count: Wave (iv) of {c}.

ADBE Technical Indicators: Below all averages.

ADBE Trading Strategy: Looking for downside into wave (v) after we get a clear view of wave (iv).

ADBE_4H.png.273c5864002b73f0859b1b43a237c034.png

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