No, I don’t like Adobe.
But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets.
Let’s take a look at what we have on the chart:
Adobe has reached the centerline.
The market is in balance and has reached Pivot 3.
According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to see a relatively smaller pullback before P5 ultimately unfolds.
Nevertheless, a reversal is likely at the centerline. Additionally, we are in a support/accumulation zone after the market has dropped over 40% from its 2022 high.
I'm stalking a long entry and put my money to work.
Long ADBE <--- ME §8-)
But it doesn’t matter at all which company I like or don’t like. My only goal is to make money in the markets.
Let’s take a look at what we have on the chart:
Adobe has reached the centerline.
The market is in balance and has reached Pivot 3.
According to Andrew's Framework, P5 is considered a reversal point, whereas P3 is expected to see a relatively smaller pullback before P5 ultimately unfolds.
Nevertheless, a reversal is likely at the centerline. Additionally, we are in a support/accumulation zone after the market has dropped over 40% from its 2022 high.
I'm stalking a long entry and put my money to work.
Long ADBE <--- ME §8-)
Nota
Momentum coming to live.A nice start with a good weekly close.
Nota
This could be the pullback to the Center-Line, after price jumped above it from below like a spring.This is common behavior:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.