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Adobe Wave Analysis – 18 November, 2019

  • Adobe rising inside impulse wave (3)
  • Likely to rise to 310.00

Adobe continues to rise inside the sharp medium-term impulse wave (3) from the start of November (in line with our earlier forecast for this instrument).

The price earlier broke the daily down channel from August – which strengthened the bullish pressure on Adobe.

Adobe is expected to rise further toward the next resistance level 310.00 (which stopped the sharp uptrend in July)

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