- 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)