1 mins read
Adobe: ⬇️ Sell
– Adobe broke support zone
– Likely to fall to support level 364.90
Adobe recently broke through the support zone located between the support level 392.85 (which stopped wave A at the end of May) and the 61.8% Fibonacci correction of the upward impulse (1) from April.
The breakout of this support zone continues the active impulse wave C of the intermediate ABC correction (2) from last month.
Given the clear daily downtrend, Adobe can be expected to fall to the next support level at 364.90 (target for the completion of the active impulse wave C).
Source: https://fxpro.news
