PabloEsco1

PabloEsco1

New low last night, next target around 385$ Going down into a descending canal, easy to identify in H1.

PabloEsco1

Long ! trend up to TP1 428 then possibly TP2 440 Difficult to go against the flow, but a short can be engage at TP1 or TP2 mentioned above - to target again the last low at 405 To short, Andrews fork on weekly view recommends a stop loss at 520 !

PabloEsco1

Wait for the pullback and retest of the demand zone, then a move up to exist the wedge

PabloEsco1

2 options possible to short Adobe 1. wait for a retest of the supply zone around 520, stop at 525 2. wait for the sma50 in H4 (1candle= 4 hours) break, with a stop above the sma50 take profit around 420

PabloEsco1

Respecting the canal, very bullish trend possibly a pullback below, before the next new high

PabloEsco1

Cassure sma50 - correction short term - just monitor the trend for the Nasdaq TP 405 stop loss 445