Massive Structure on ADBE
Today we will take a look at the current situation on ADBE.
Key concepts:
a) Flag Pattern: This type of formation is considered a continuation pattern, meaning that after the breakout, we tend to observe a movement in the same direction as the previous impulse
b)Ascending Structure: using two trendlines, we can understand the upper and lower bands of any trend; when we have a breakout on any of the directions, we can use that to forecast possible movements on the breakout direction
c)Fibo Extensions: We use them to forecast possible targets on a new impulse
Final Conclusion: We have an activation level on the green line and an invalidation level on the red line; the final target is the 2nd fibo extension, and we will use the first one as a risk-free level.
Thanks for reading!
Key concepts:
a) Flag Pattern: This type of formation is considered a continuation pattern, meaning that after the breakout, we tend to observe a movement in the same direction as the previous impulse
b)Ascending Structure: using two trendlines, we can understand the upper and lower bands of any trend; when we have a breakout on any of the directions, we can use that to forecast possible movements on the breakout direction
c)Fibo Extensions: We use them to forecast possible targets on a new impulse
Final Conclusion: We have an activation level on the green line and an invalidation level on the red line; the final target is the 2nd fibo extension, and we will use the first one as a risk-free level.
Thanks for reading!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.