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Adobe Wave Analysis 3 May 2024

– Adobe reversed from support zone– Likely to rise to resistance level 500.00Adobe recently reversed up from the support zone lying between the support level 460.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the uptrend from May.The upward reversal from the support…

UpdatedMay 7, 2024
1 mins read

– Adobe reversed from support zone

– Likely to rise to resistance level 500.00

Adobe recently reversed up from the support zone lying between the support level 460.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the uptrend from May.

The upward reversal from the support level 460.00 stopped the previous impulse waves 3 and (C).

Given the strength of the support level 460.00, Adobe can be expected to rise further to the next round resistance level 500.00.

Source: https://fxpro.news

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