15May
Adobe Inc., Elliott Wave Technical Analysis 15 May 2023
Adobe Inc., Elliott Wave Technical Analysis 15 May 2023
4Hour
Adobe Inc., ADBE: 4-hour Chart, May 15 2023,
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).
Daily
Adobe Inc., Elliott Wave Technical Analysis
Adobe Inc., (ADBE:NASDAQ): Daily Chart, May 15 2023,
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.
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