Adobe going into earnings 🐻
Yellow lines - Rising wedge
White lines - Bull flag
Green lines - Primary trendline
RSI - descending triangle... Divergence
Trading at the top of a rising wedge the lowering volume tells me that the distribution has started .
I think we see a drop to the 550 area or wedge support in the next 30-45days. I know that seems steep but as the saying goes "Steps up, elevator down".
White lines - Bull flag
Green lines - Primary trendline
RSI - descending triangle... Divergence
Trading at the top of a rising wedge the lowering volume tells me that the distribution has started .
I think we see a drop to the 550 area or wedge support in the next 30-45days. I know that seems steep but as the saying goes "Steps up, elevator down".
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