Adobe Wave Analysis – 13 March 2025

- Adobe broke round support level 400.00
- Likely to fall to support level 360.00

Adobe recently broke with the sharp downward gap the round support level 400.00, which stopped wave 5 of the previous impulse wave (1) at the start of January.

The breakout of the support level 400.00 accelerated the active impulse wave 3 of the sharp downward impulse wave (3) from the middle of February.

Given the clear daily downtrend, Adobe can be expected to fall to the next support level 360.00 – which is the target price for the completion of the active impulse wave 3.