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Adobe Wave Analysis – 18 June, 2020

Adobe Wave Analysis – 18 June, 2020

  • Adobe reversed from support level 386.50
  • Likely to rise 430.00

Adobe has been rising steadily in the last few trading sessions after the earlier upward reversal from the key support level 386.50 (former multi-month resistance level from the middle of February).

The upward reversal from the support level 386.50 accelerated the active short-term impulse sequence 5- which belongs to wave (3) from April. Adobe is likely to rise further toward the next resistance level 430.00 (target price for the completion of the active impulse wave (3)).

Adobe Wave Analysis – 18 June, 2020

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